The hottest MeadWestvaco plans to repurchase 16mil
2022-08-22- Detail
MeadWestvaco plans to repurchase 16million ordinary shares and 850million US dollars of bonds
MeadWestvaco Corp. (MWV) announced that it will offer to repurchase 16million ordinary shares and 850million US dollars of bonds under the emergency action of the State Administration of market supervision
the company said that it was willing to bid 28 per share, which was not easy to break 25 to 32.50 dollars to repurchase about 7.8% of the listed and outstanding shares
the paper company said it would use the proceeds from the sale of printing and writing paper businesses to fund the repurchase of shares and bonds
the stock closed at $29.39 on Thursday, down 5 cents
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