GBC price soars on merger


16 March 2005 – New York (NY): General Binding Corporation’s (GBC) share price shot up 38 per cent in early trading this morning following the news of its proposed merger with Acco World.

GBC’s price swiftly gained $4.97 to reach a year-high of $18.05 on the Nasdaq. GBC shareholders will receive one share of the new Acco Brands company for every GBC share they hold.