Deals
Rock-Tenn to Buy MeadWestvaco to Create Packaging Giant
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Rock-Tenn Co. agreed to acquire U.S. rival MeadWestvaco Corp. in a deal valued at about $9.2 billion to create the world’s second-largest packaging company.
The cash-and-stock transaction will give shareholders of Richmond, Virginia-based MeadWestvaco 50.1 percent of the new company and investors in Rock-Tenn will hold the rest, the companies said Monday in a joint statement.