RockTenn (RKT), MeadWestvaco (MWV) Combination is Credit-Positive Development - Moody's
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Price: $12.17 +2.01%
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%
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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.
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