Meadwestvaco Corp Completes Spin-Off and Merger of Consumer & Office Products Business with ACCO Brands Corp

Meadwestvaco Corp announced that it has completed the spin-off and merger of its Consumer & Office Products business with ACCO Brands Corp As a result of the transaction, in addition to retaining the shares of MeadWestvaco Corporation common stock they own, MeadWestvaco Corporation stockholders received 0.32986547 shares of ACCO Brands for each share of MeadWestvaco Corporation they owned of record as of April 24, 2012. No fractional shares of ACCO Brands Corporation were issued, and MeadWestvaco Corporation stockholders received cash in lieu of any fractional shares. Under the terms of the transaction, including a working capital adjustment, MeadWestvaco received $433 million on a tax-free basis.