MeadWestvaco (MWV) Updates on Final Exchange Ratio for Consumer & Office Products Biz (ABD)

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MeadWestvaco Corporation (NYSE: MWV), has announced the final exchange ratio for the spin-off and subsequent merger of its Consumer & Office Products Business with ACCO Brands Corporation (NYSE: ABD).

In addition to retaining the shares of MeadWestvaco Corporation common stock they currently own, MeadWestvaco Corporation stockholders will receive .32986547 shares of ACCO Brands Corporation common stock for each share of MeadWestvaco Corporation common stock they owned of record as of April 24, 2012. No fractional shares of ACCO Brands Corporation will be issued; MeadWestvaco Corporation stockholders will receive cash in lieu of any fractional shares. The spin-off and merger are expected to become effective May 1, 2012.

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