Acco Brands, a world leader in branded office products, approved the merger with MeadWestvaco's Consumer & Office Products Business at a special shareholder's meeting on Monday.

MeadWestvaco, based in Richmond, Virginia, said that its stockholders received 0.33 shares of Acco for each share of MeadWestvaco they owned as of 24 April. MeadWestvaco received USD 433 million (EUR 328 million) in cash on a tax-free basis under the deal.
Acco Brands and MeadWestvaco signed an agreement last November to merge MeadWestvaco’s Consumer & Office Products business into Acco Brands in a transaction which was valued at approximately USD 860 million at the time of the announcement. Upon completion of the transaction, MeadWestvaco shareholders will own 50.5 per cent of the combined company.
Acco Brands Corp. is a global supplier of branded office products. Its brands include Day-Timer, Swingline, Kensington, Quartet, GBC, Rexel, NOBO, Derwent, Marbig and Wilson Jones, among others. (pi)