R.R. Donnelley & Sons Firm (NASDAQ:RRD) – RR Donnelley Will get $11/Share Unsolicited Supply; Sticks With Chatham Deal At This Time


RR Donnelley Gets $11/Share Unsolicited Offer; Sticks With Chatham Deal At This Time

  • RR Donnelley & Sons Co (NYSE: RRD) has acquired an unsolicited non-binding various acquisition proposal from a strategic occasion at $11/share in money.
  • Associates of Chatham Asset Administration had lately agreed to accumulate the corporate for $10.85 per share in money. Earlier, RRD had terminated its beforehand introduced merger settlement with Atlas Holdings LLC and entered a merger settlement with Chatham.
  • RRD had beforehand acquired a non-binding proposal from the strategic occasion at $10/share in money.
  • In response to the brand new proposal, RRD’s board decided on December 29, 2021, that the strategic occasion proposal would fairly be anticipated to result in a “Superior Proposal.”
  • In the meantime, presently, the board has not decided that the strategic occasion proposal constitutes a superior proposal.
  • At the moment, RRD stays topic to the Chatham merger settlement.
  • Worth Motion: RRD shares traded larger by 3.09% at $11.00 in pre-market on the final verify Thursday.

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