Key Developments: MeadWestvaco Corp (MWV.N)

MWV.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

MeadWestvaco Corp declares regular quarterly dividend
Monday, 26 Jan 2015 06:46am EST 

MeadWestvaco Corp:Declared a regular quarterly dividend of $0.25 cents per common share.The payment of the dividend will be made March 2, to shareholders of record at the close of business Feb. 5.  Full Article

Rock-Tenn Co and MeadWestvaco Corp enters definitive combination agreement
Monday, 26 Jan 2015 06:00am EST 

Rock-Tenn Co and MeadWestvaco Corp:Entered into a definitive combination agreement to create a global provider of consumer and corrugated packaging (NewCo).Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, MWV stockholders will receive 0.78 shares of NewCo for each share of MWV held.RockTenn shareholders will be entitled to elect to receive either 1.00 shares of NewCo or cash in an amount equal to the volume weighted average price of RockTenn common stock during a five-day period ending three trading days prior to closing for each share of RockTenn held.Blackstone Advisory Partners L.P. served as financial adviser to RockTenn in the transaction and provided its board of directors a fairness opinion.Lazard has also provided a fairness opinion to RockTenn's board of directors, as well as advice to the Company on certain matters related to the transaction. Cravath, Swaine & Moore LLP acted as RockTenn's legal counsel.MWV's financial advisers were BofA Merrill Lynch and Goldman, Sachs & Co. Greenhill has also provided a fairness opinion to MWV's board of directors. Wachtell, Lipton, Rosen & Katz acted as MWV's legal counsel.  Full Article

MeadWestvaco Corp agrees to sell European Tobacco Folding Carton Business to AR Packaging Group
Thursday, 22 Jan 2015 10:00am EST 

MeadWestvaco Corp:Has signed a definitive agreement to sell its European-based tobacco folding carton business to AR Packaging Group AB.Terms of agreement were not disclosed, and transaction is expected to be completed in next several months.  Full Article

MeadWestvaco Corp to separate specialty chemicals business
Thursday, 8 Jan 2015 07:00am EST 

MeadWestvaco Corp:Approved a plan to fully separate its Specialty Chemicals business from the rest of the company.The separation is expected to be executed by means of a tax-free spinoff of the Specialty Chemicals business to MWV shareholders, resulting in two independent, publicly traded companies.The spinoff is expected to be completed by the end of 2015.MWV remains open to other value-creating alternatives for the Specialty Chemicals business throughout this process.  Full Article

MeadWestvaco Corporation declares regular quarterly dividend
Monday, 10 Nov 2014 02:40pm EST 

MeadWestvaco Corporation:Declares regular quarterly dividend of $0.25 cents per common share.Payable on Dec. 01 to shareholders of record on Nov. 21.  Full Article

MeadWestvaco Corp. gives Q4 2014 earnings guidance
Tuesday, 28 Oct 2014 07:25am EDT 

MeadWestvaco Corp:Expects Q4 2014, earnings excluding special items are expected to be above year-ago levels on a continuing operations basis.FY 2014 EPS of $0.46 - Thomson Reuters I/B/E/S.  Full Article

MeadWestvaco Corp gives Q3 2014 earnings guidance
Wednesday, 30 Jul 2014 07:25am EDT 

MeadWestvaco Corp:Expects Q3 2014 earnings excluding special items to be above year-ago levels on a continuing operations basis.Q3 2014 net income of $102 million and EPS of $0.61 - Thomson Reuters I/B/E/S.  Full Article

MeadWestvaco Corp declares regular quarterly dividend
Tuesday, 24 Jun 2014 02:37pm EDT 

MeadWestvaco Corp:Declares a regular quarterly dividend of $0.25 cents per common share.Payment of the dividend will be made Sept. 2 to shareholders of record at the close of business Aug. 1.  Full Article

ASG acquires consumer-packaging business from MeadWestvaco Corp
Monday, 2 Jun 2014 06:00am EDT 

MeadWestvaco Corp:ASG announces it has acquired the Bydgoszcz, Poland-based beauty and personal care folding carton business of MeadWestvaco Corporation.Terms of the transaction were not disclosed.  Full Article

MeadWestvaco Corp gives Q2 2014 EPS guidance in line with analysts' estimates
Wednesday, 30 Apr 2014 07:25am EDT 

MeadWestvaco Corp:Says for Q2 2014, earnings excluding special items are expected to be well above last year.Reported EPS of $0.37 in Q2 2013.Q2 2014 EPS of $0.51 - Thomson Reuters I/B/E/S.  Full Article

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