R.R. Donnelley accepts revised Atlas proposal

R.R. Donnelley & Sons accepted a revised proposal from Atlas Holdings affiliates to raise the price per share of their pending acquisition of RRD to $10.35/share in cash, worth about $2.2 billion. Just earlier this month, R.R. Donnelley had stated that the bid from Atlas Holdings’ rival Chatham Asset, was a superior choice.

R.R. Donnelley agreed to an amendment to its previously announced definitive merger agreement with Atlas affiliates. Pursuant to the amendment, RRD stockholders will receive $10.35 in cash for each common share of the company they own. This represents a premium of 21.5% over $8.52, the price per share of RRD common stock under the original agreement.