RockTenn (RKT), MeadWestvaco (MWV) Combination is Credit-Positive Development - Moody's
Tweet
Share
E-mailGet Alerts RKT Hot Sheet
Price: $13.56 --0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.5%
Revenue Growth %: +48.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.5%
Revenue Growth %: +48.3%
Join SI Premium – FREE
Moody's says the combination agreement of RockTenn Company (NYSE: RKT)(Rock-Tenn, Baa3 stable) and MeadWestvaco Corporation (NYSE: MWV)(Baa3 stable) to create a leading paper packaging company by mid-2015 is credit positive because the combined company will become larger and more diversified than either existing company, with only a modest increase in leverage.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Redfin Report: Florida's Luxury Market Pulls Away From the Pack, With Miami and Tampa Posting Double-Digit Price Increases
- Citi Downgrades Natura Cosmeticos SA (NATU3:BZ) (NTCO) to Sell
- Biogen (BIIB) PT Raised to $245 at Piper Sandler
Create E-mail Alert Related Categories
Credit RatingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
