MeadWestvaco (MWV) to Spin Specialty Chemicals Unit
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MeadWestvaco (MWV) Chemical Business Spin is Credit-Negative Event - Moody's
January 9, 2015 1:45 PM ESTMoody's says MeadWestvaco Corporation's (NYSE: MWV)(Baa3 stable) announcement that it will spin-off its specialty chemical business into a separate, publicly traded company is credit negative because it will become a smaller, less-diversified and more highly leveraged company.
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