MeadWestvaco to Sell Paper Unit
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Paper and packaging maker MeadWestvaco  Corp. has agreed to sell its paper business and associated  assets for $2.3 billion to reduce its debt and focus on growing  in global packaging markets, the company said on Tuesday.
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The Whirlpool Corporation said it would sell its Hoover vacuum cleaner business to the Techtronic Industries Company of Hong Kong for $107 million, to focus on its core appliance business. Techtronic, maker of Ryobi and Milwaukee tools, views Hoover as a good fit with its own vacuum lineup, including Dirt Devil and Regina in the United States and Vax in Britain. Techtronic said it would invest heavily to reinvigorate the brand. Whirlpool acquired Hoover when it purchased the Maytag Corporation this year.
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MEMPHIS, Tenn., Dec. 19  /PRNewswire-FirstCall/ -- International Paper  has signed two definitive agreements related to the sales of its beverage packaging and Arizona Chemical businesses for combined proceeds of approximately $985 million.
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Firm to sell Utility Data Center package as separate software modules. UDC staff handed walking papers.
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By Urvaksh Karkaria, The Florida Times-Union, Jacksonville  Dec. 20--International Paper said Tuesday it will sell its  Jacksonville-based Arizona Chemical business to Rhone Capital III L.P. for  $485 million, as the paper maker focuses on its uncoated paper and packaging  businesses.
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Whirlpool Corp.  said on Thursday it would sell the Hoover vacuum cleaner business to Asia's Techtronic Industries Co.  for $107 million to focus on its core appliance business.
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By Aimee Dolloff, Bangor Daily News, Maine  Dec. 14--Operating permits for the former Georgia-Pacific Corp. paper mill have been transferred to the facility's new owner, but some area residents are opposing the approval.   The state Department of Environmental Protection on Nov.
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CINCINNATI - Cinergy Corp. said Friday it will sell 6.1 million shares of common stock to pay down about $247 million in debt. Cinergy, the parent of utilities that serve southwest Ohio, northern Kentucky
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CANBERRA, Australia - An environmentally friendly paper manufacturer has stumbled upon an unlikely way to put an unwanted natural resource to good use.  The company has created its first batch of paper from marsupial manure.
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NEW YORK (CBS.MW) -- Kraft Foods Inc. has confirmed an agreement to sell substanially all of its sugar confectionary business to Wm.
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HONG KONG (CBS.MW) -- United Utilities (UK:UU) said it has agreed to sell its &#39;green energy&#39; operational assets for 63 million pounds in cash to Novera Macquarie Renewable Energy Limited, which is jointly-owned by Novera Energy and Macquarie Bank of
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Battery maker Rayovac Corp. ROV.N is  close to a deal to acquire privately held United Industries  Corp., a maker of lawn and garden products, for about $476  million in cash and stock in a bid to diversify its product  mix, sources close to the situation said on Monday.
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Utility company Avista Corp. (AVA.N: Quote, Profile, Research) said on Friday it has agreed to purchase the remaining half interest in the Coyote Springs 2 power plant in Oregon from bankrupt energy company Mirant Corp.
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Electric and gas energy provider Avista Corp. on Friday said it agreed to buy the remaining half interest in the Coyote Springs 2 generating station from energy company Mirant Corp.
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Dutch publishing group VNU is to sell its directories business, including the Golden Pages in Ireland, to venture capital groups Apax and Cinven for just over â¬2 billion.
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CANBERRA, Australia - An environmentally friendly paper manufacturer has stumbled upon an unlikely way to put an unwanted natural resource to good use. The company has created its first batch of paper from marsupial manure.
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Kraft Foods said yesterday that it had agreed to sell its Life Savers and Altoids brands to the Wm. Wrigley Jr. Company for $1.5 billion as part of a reorganization plan.