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From a dollar standpoint, the biggest news was MeadWestvaco's agreement to sell its papers business and associated assets for $2.3 billion to a new company controlled by Cerberus Capital Management L.P., a New York-based private investment firm. The operation is basically remaining intact, however, with the current management team continuing to lead the business.
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- People:
- Jones
- MARK SMITH
- Paul Leclair
- Places:
- U.S.
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