MeadWestvaco (MWV) Chemical Business Spin is Credit-Negative Event - Moody's
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Buckingham Research Downgrades MeadWestvaco (MWV) to Neutral
January 9, 2015 9:08 AM ESTBuckingham Research downgraded MeadWestvaco (NYSE: MWV) from Buy to Neutral with a price target of $48.00 (from $46.00).
For an analyst ratings summary and ratings history on MeadWestvaco click here. For more ratings news on MeadWestvaco click here.
Shares of MeadWestvaco closed at $45.59 yesterday.
... MoreMeadWestvaco (MWV) to Spin Specialty Chemicals Unit
January 8, 2015 7:13 AM ESTMeadWestvaco (NYSE: MWV) announced that its board of directors has 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.
Following a thorough strategic review process, MWVs board and leadership team determined that... More
