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Westvaco (www.westvaco.com) Chairman and CEO John A. Lukes, estimates, "As we prepare[d] for our planned merger with Mead, we [were] highly focused on developing rigorous programs to achieve $325 million in synergies that we have targeted within two years. We are intent on generating higher earnings and higher returns on capital by building on the strong—and in many cases, complementary—businesses of Mead and Westvaco."
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