R.R. Donnelley accepts revised Atlas proposal

Gary Pageau

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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.

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Gary Pageau is principal of InfoCircle LLC, continuing his marketing communications career. InfoCircle LLC is a marketing and communications consulting firm, specializing in business-to-business markets. For nearly 25 years, he was with PMA International, serving most recently as Publisher, Content Development and Strategic Initiatives. His primary responsibilities included overseeing the Association’s editorial department, marketing research unit, education and corporate relations department.