RR Donnelley (RRD) Tops Q3 EPS by 25c

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RR Donnelley (RRD) Acquired by Atlas for $8.52/sh Cash

November 3, 2021 6:57 AM EDT

R.R. Donnelley & Sons Company (NYSE: RRD) today announced that it has entered into a definitive merger agreement to be acquired by affiliates of Atlas Holdings LLC (Atlas), which operates a global family of manufacturing and distribution businesses, in an all-cash transaction with a total enterprise value of approximately $2.1 billion.

The merger agreement has been unanimously approved by RRDs board of directors. Under the terms of the merger agreement, Atlas will acquire all of the outstanding shares of RRD common stock, and RRD stockholders will receive $8.52 per share in cash for each... More

Chatham Increases Offer to Acquire RR Donnelley (RRD) to $9-$9.50/sh in Cash, from $7.50

November 3, 2021 5:25 AM EDT

Chatham Asset Management, LLC ("Chatham"), a private investment firm which manages funds that beneficially own approximately 14.9% of the outstanding common stock of R.R. Donnelley & Sons Company ("RRD" or the "Company") (NYSE: RRD) and which is the largest bondholder of the Company, today in a letter sent to RRD's Board of Directors submitted an enhanced offer to acquire all the common stock of RRD not already owned by Chatham for $9.00-9.50 per share in cash. The offer is subject to RRD enabling Chatham to conduct appropriate due diligence.

The full text of the letter... More

Chatham Issues Updates on Discussions to Acquire RR Donnelley (RRD) for $7.50/sh

November 2, 2021 4:16 PM EDT

Chatham Asset Management, LLC ("Chatham"), a private investment firm which manages funds that beneficially own approximately 14.9% of the outstanding common stock of R.R. Donnelley & Sons Company ("RRD" or the "Company") (NYSE: RRD) and which is the largest bondholder of the Company, today issued the following statement to RRD's stockholders regarding the discussions with the Company concerning Chatham's recent proposal to acquire RRD at a price of $7.50 per share:

"For nearly the past two weeks, Chatham has devoted significant time and resources seeking to negotiate a non-disclosure... More