Printing Industry News for Canada | RSS |
5 January 2022
RR Donnelley Up For Grabs Again
CHICAGO—
The printing industries never ending story continues with the future ownership of RR Donnelley (RRD) continues on, as the company has now received yet another unsolicited bid ( $11.00 per share) from a strategic buyer to acquire the business. Last month, following a bidding war, RR Donnelly said it was set to be acquired by its largest investor, Chatham Asset Management, for $10.85 ( US) per share in cash. This all changed last Wednesday (29 December), when RR Donnelly said it had received an unsolicited non-binding ‘Alternative Acquisition Proposal’,
from a strategic party, that was unnamed but referred to as the ‘Strategic Party’, to acquire all of the outstanding shares of RRD’s common stock for $11.00 per share in cash. As at 29 December, the board has not determined that the offer from the strategic party constituted a Superior Proposal. RR Donnelly is North America' largest printer and Canada's fifth largest printer according to Graphic Monthly's listing of Canada's top printers with sales around $250 million in Canada . RR Donnelly took over Moore Business Forms and all Canadian plants .
Post a Comment
Comments:
NEW ON THE JOB BOARD | RSS
CLICK HERE to post your job opening
LATEST USED EQUIPMENT | RSS
CLICK HERE to list your equipment
Total Used Equipment Listings: 18
CLASSIFIED | RSS
CLICK HERE to list your business opportunity in the printing industry
Most Recent News Comment
Rick says: | |
Most Read Stories