MeadWestvaco Corp. (MWV) announced Monday morning that it agreed to sell its beauty and personal care folding carton business, Bydgoszcz, to ASG. Terms of the deal were not disclosed.
MeadWestvaco gapped open sharply higher Monday and advanced further in the early afternoon. The stock closed up by 2.38 at $42.96 on above average volume. MeadWestvaco soared to a new high for the year.
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