Nip Impressions logo
Thu, Mar 28, 2024 16:25
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
R.R. Donnelley's Mystery Bidder Raises Offer to $11.50 Per Share

CHICAGO (From news reports) -- R.R. Donnelley & Sons Co. said a mystery bidder that has been circling the publishing company since at least November has raised its offer again.

The unidentified suitor made another non-binding offer to buy R.R. Donnelley, this time for $11.50 a share in cash, the company said in a statement on Thursday. The buyer had previously offered $11 a share for the Chicago-based business.

The news could upend R.R. Donnelley's agreement to be bought by Chatham Asset Management LLC for $10.85 a share. The board hasn't determined that the new proposal is superior and continues to recommend the Chatham deal. A proxy statement regarding that deal is expected to be filed on Jan. 21, and a shareholder vote is planned for Feb. 23.

Paperitalo newsletters: Cost zero, value immeasurable. Sign up today.


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: