ACCO Brands' shareholders overwhelmingly approved the merger of MeadWestvaco Corporation's Consumer & Office Products business with a wholly owned subsidiary of ACCO Brands.
ACCO Brands Chairman and Chief Executive Officer Robert J. Keller said, "We are very pleased with today's vote approving our pending merger and the continued confidence and support we've received from our shareholders. We are looking forward to completing this transaction and improving the competitive positioning of our business."
The new shares to be issued will begin trading on a when-issued basis today, April 24, 2012, under the New York Stock Exchange (NYSE) ticker symbol "ACCO wi." The completion of the merger remains subject to the satisfaction or waiver of several conditions but it is expected that the merger will be completed before the opening of NYSE trading on May 1, 2012.