CHICAGO—  Strategic buyer for RR Donnelley that made an unsolicited offer to acquire RR Donnelley (RRD)  in December  has increased its offer to $11.50 cash per share. On 27 December RRD said it had received an unsolicited ‘Alternative Acquisition Proposal’, 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, subject to terms and conditions. In December, following a bidding war, RRD said it was set to be acquired by its largest investor, Chatham Asset Management, for $10.85 cash per share. Atlas Holdings which owns LSC Communications ( North America's largest book printer and was part of RRD). The board has reaffirmed its recommendation of the Chatham deal. RRD said it expects to schedule a special meeting of share holders for purposes of voting on the Chatham merger agreement “and the transactions contemplated thereby” on 23 February 2022. 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 .