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Newpage buys MWV paper business.


NEWPAGE BUYS MWV MWV MeadWestVaco Corp (stock symbol)
MWV Mineralölwirtschaftsverband eV
mWv Mit Wirkung Vom (German: With Effect Of)
MWV MovieWorks File (file extension) 
 PAPER BUSINESS. MeadWestvaco Corp., Stamford, Connecticut Stamford is a city in Fairfield County, Connecticut, United States. According to 2006 Census Bureau estimates, the population of the city is 119,261, making it the fourth largest city in the state. , USA has completed the sale of its "papers" business and associated assets for US$ 2.3 billion to NewPage Corp., a new company controlled by Cerberus Capital Management L.P. MeadWestvaco received cash proceeds of approximately $2.2 billion and a promissory note promissory note, unconditional written promise to pay a certain sum of money at a definite time to bearer or to a specified person on his order. Promissory notes are generally used as evidence of debt.  of $100 million. NewPage Corp., Dayton, Ohio will begin operating as an independent company focused solely on the coated and carbonless paper business.
COPYRIGHT 2005 Paper Industry Management Association
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:NEWS DIGEST
Publication:Solutions - for People, Processes and Paper
Geographic Code:1USA
Date:Jun 1, 2005
Words:75
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