Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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To: richardred who wrote (595)	1/31/2005 8:49:54 AM
From: richardred	Read Replies (1) of 7254

A falling knife now, but looking for a bottom in RKT! SHIP-MWV-"We delivered strong operating results in the fourth quarter as we continued to execute on our productivity initiatives, generating excellent cash flow that we used to retire approximately $500 million in debt," said John A. Luke, Jr., chairman and chief executive officer. "We are particularly pleased with the performances of our largest continuing businesses, Packaging and Consumer and Office Products. "Clearly, the pending sale of our papers business which we expect to close in the second quarter will be a transformational event for MeadWestvaco," Mr. Luke continued. "It will make our company a more focused leader in global packaging, able to deliver stronger, more consistent financial returns with a strengthened balance sheet."

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