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Stock Market & Financial Investment News

News Breaks
July 30, 2014
07:27 EDTMWVMeadWestvaco reports Q2 EPS ex-items 53c, consensus 50c
Reports Q2 revenue $1.47B, consensus $1.45B. Reports Q2 EPS from continuing operations 43c.
News For MWV From The Last 14 Days
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March 31, 2015
09:28 EDTMWVInternational Paper agrees to sell Carolina coated bristols brand
International Paper (IP) announced it has reached a definitive agreement with MeadWestvaco (MWV) to sell the Carolina coated bristols brand. The sale is expected to close April 30, 2015. Terms of the sale were not disclosed. International Paper's decision to sell the Carolina brand was a result of its plans to convert the Riegelwood N.C., Mill to 100 percent fluff and softwood pulp production, thereby eliminating the manufacturing capability to produce the brand.
09:26 EDTMWVMeadWestvaco to acquire Carolina business from International Paper
MeadWestvaco (MWV) announced that it has entered into a definitive agreement to acquire the Carolina coated bristols business from International Paper Company (IP). Terms of the transaction were not disclosed and the transaction is expected to close by the end of April. "We expect significant operational improvements when we integrate this business into our existing mill system,” said MeadWestvaco.
March 20, 2015
08:35 EDTMWVMeadWestvaco, RockTenn announce executive management team for combined company
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08:34 EDTMWVMeadWestvaco, RockTenn announce executive team for combined company
MeadWestvaco (MWV) and Rock-Tenn (RKT) announced the executive leadership team for the combined company following the completion of the transaction. As previously announced, Steve Voorhees will serve as the new company’s CEO and John Luke will be non-executive chairman of the board. The executive leadership team announced today includes: Nina Butler, chief sustainability officer; Ward Dickson, chief financial officer; Pete Durette, chief strategy officer; Jennifer Graham-Johnson, chief human resources officer; Linda Schreiner, chief integration officer. The transaction remains on track to close in Q2 and is subject to shareholder approvals of both MWV and RockTenn, certain regulatory approvals and other customary closing conditions.

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