You are here
Home > Posts tagged "RRD"

Tag: RRD

Chatham Asset Management completes acquisition of RRD Acquisitions 

Chatham Asset Management completes acquisition of RRD

GaryPageau , ,
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
RRD reports full-year 2021 sales up 4% Earnings reports News 

RRD reports full-year 2021 sales up 4%

GaryPageau
R.R. Donnelley & Sons Company (RRD) reported full-year 2021 GAAP Net sales, increased $197 million or 4.1%; Non-GAAP organic net sales increased 3.2% primarily from higher demand for many of the company’s products and services GAAP income from operations was up $55 million versus the prior year. “We delivered a strong year of performance capped by fourth-quarter results that exceeded... Read More
“Strategic Party” withdraws $11.50 non-binding proposal to acquire RRD Acquisitions News 

“Strategic Party” withdraws $11.50 non-binding proposal to acquire RRD

GaryPageau
R.R. Donnelley & Sons Co. (RRD) announced the withdrawal of the unsolicited non-binding and conditional “Alternative Acquisition Proposal” from the mysterious “Strategic Party” to acquire all of the outstanding shares of RRD’s common stock for $11.50 per share in cash. The Strategic Party did not provide specific reasons for its withdrawal, according to the RRD press release. The company remains... Read More
RRD gets update on unsolicited proposal from Strategic Party Acquisitions 

RRD gets update on unsolicited proposal from Strategic Party

GaryPageau ,
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
RRD receives unsolicited non-binding cash proposal for $11.00 per share Acquisitions News 

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

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

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

GaryPageau , , ,
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
Chatham ups bid to acquire RRD News 

Chatham ups bid to acquire RRD

GaryPageau ,
Chatham Asset Management, the private investment firm that already owns approximately 14.9% of the outstanding common stock and is the largest bondholder of Chicago-based  R.R. Donnelley & Sons submitted a binding, fully financed offer, and draft merger agreement on Nov. 16, 2021, to acquire all the common stock of RRD not already owned by Chatham for $9.10 per share in cash. Chatham... Read More