Tag Archives: ACCO Brands

MeadWestvaco Spin Off Exchange Ratio Finalized, Effective May 1

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MeadWestvaco(MWV) announced this morning that shareholders as of April 24, will receive .32986547 shares of ACCO Brands(ABD) on May 1, following the spinoff of the company’s Consumer & Office Products Business, and its subsequent merger with ACCO.  Concurrent with the merger, ACCO will change its ticker from ABD to ACCO.  The transaction is a “Reverse Morris Trust”, which… Read More »

Is It A Sale Or Is It A Spin? It’s Both- The Magic Of The Reverse Morris Trust

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In a famous Saturday Night Live sketch, a young Steve Martin promised that “You too can be a millionaire, and not pay taxes.”  While the advice he proceeded to give was ineffective, using a reverse Morris Trust, your favorite company can sell off a division and not pay taxes. How you ask? Simple. First, borrow as much debt… Read More »