ACCO Continues Merger Plans with MeadWestvaco
ACCO Brands Corporation, a company in branded office products, announces that at a special meeting of shareholders, ACCO Brands shareholders overwhelmingly approved a proposal to issue the ACCO Brands common stock necessary to complete the merger of MeadWestvaco Corporation's Consumer & Office Products business with a wholly owned subsidiary of ACCO Brands.
ACCO Brands Chairman and Chief Executive Officer Robert J. Keller says, "We are very pleased with today's vote approving our pending merger and the continued confidence and support we've received from our shareholders. We are looking forward to completing this transaction and improving the competitive positioning of our business."
The new shares to be issued will begin trading on a when-issued basis tomorrow, April 24, 2012, under the NYSE ticker symbol "ACCO wi." The completion of the merger remains subject to the satisfaction or waiver of several conditions but it is expected that the merger will be completed before the opening of NYSE trading on May 1, 2012. Effective with the opening of trading on May 1, 2012, and assuming completion of the merger prior to that time, all outstanding ACCO Brands common stock will trade under the new ticker symbol "ACCO."