Tag: Chatham Asset Management – The Dead Pixels Society

Chatham Asset Management completes acquisition of RRD

February 25, 2022February 25, 2022 GaryPageau Atlas Holdings, Chatham Asset Management, RRD

Shareholders of R.R. Donnelley & Sons Co. (RRD) voted Feb. 23 to approve the sale of the company to Chatham Asset Management, LLC, bringing to a close one of the most convoluted acquisitions in recent years. The final price, announced on Dec. 14, 2021, was $10.85 per share (about $2.3 billion). The deal concludes competing bids from secret buyers and other... Read More

Acquisitions

RRD gets update on unsolicited proposal from Strategic Party

January 20, 2022January 23, 2022 GaryPageau Chatham Asset Management, RRD

R.R. Donnelley & Sons Company (RRD) announced the receipt of an update to the unsolicited non-binding “Alternative Acquisition Proposal” from the unnamed “Strategic Party.” On Jan. 3, the Strategic Party said it would deliver a “binding proposal” by Jan. 22. In lieu of submitting a binding proposal, the Strategic Party delivered the non-binding Updated Strategic Party Proposal, which provides for... Read More

Acquisitions News

RRD receives unsolicited non-binding cash proposal for $11.00 per share

December 29, 2021January 5, 2022 GaryPageau Atlas Holdings, Chatham Asset Management, Motif, RRD

Just when it looked like the bidding war for R.R. Donnelley & Sons Co. (RRD) was won by Chatham Asset Management, the company announced the receipt of an unsolicited non-binding “Alternative Acquisition Proposal” to acquire all of the outstanding shares of RRD’s common stock for $11.00 per share in cash, from an unnamed “Strategic Party”. Under the terms of the Chatham... Read More

Acquisitions News

Not so fast, Atlas: RRD to be acquired by Chatham Asset Management

December 15, 2021December 20, 2021 GaryPageau Atlas Holdings, Chatham, Chatham Asset Management, RRD

After weeks of seesawing back and forth between suitors, R.R. Donnelley & Sons Co. entered into a definitive merger agreement to be acquired by affiliates of Chatham Asset Management, LLC, a private investment firm, in an all-cash transaction with a total enterprise value of approximately $2.3 billion and total equity value of approximately $897 million. RRD also announced it terminated... Read More