BUSINESS: RRD Confirms The Receipt Of An Unsolicited Offer From Chatham Asset Management

dWeb.News Article from Daniel Webster dWeb.News

dWeb.News Article from Daniel Webster dWeb.News

by Daniel Webster, dWeb.News Publisher

CHICAGO–(BUSINESS WIRE)–R.R. Donnelley & Sons Company (NYSE : RRD) (“Company”) today announced it received an unsolicited offer from Chatham Asset Management, LLC (“Chatham”) for all outstanding shares of RRD. The purchase price is $7. 50 per share in cash.

In accordance with its fiduciary duties and in consultation with independent financial and legal advisers, the RRD Board of Directors carefully reviews and considers the Chatham proposal in order to determine the best course of action for the Company and RRD shareholders. RRD shareholders are not required to take any action.

Centerview Partners LLC serves as RRD’s financial advisor, while Skadden Arps Slate Meagher & Flom LLP acts as RRD’s legal advisor. RRD

RRD, a global leader in multichannel business communications and marketing solutions, is . With 30,000 clients and 33,000 employees across 28 countries, RRD offers the industry’s most comprehensive offering of solutions designed to help companies–from Main Street to Wall Street–optimize customer engagement and streamline business operations across the complete customer journey. RRD has a broad range of capabilities and experience that allows organizations to manage, deliver and optimize their business communications and marketing strategies.

Use of Forward-Looking Statements

This news release may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act These forward-looking statements should not be relied upon by readers. Any such forward-looking statement is qualified in its entirety by the following cautionary statements. Forward-looking statements are made only as of the date this news release. They are based upon current expectations and may be affected by a variety of risks and uncertainties. Actual results could differ materially from those forward-looking statements. RRD has filed with the SEC full warning statements. Readers are encouraged to carefully read them. RRD does not assume any obligation to revise or update any forward-looking statements.

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