23 November 2010
R.R. Donnelly acquisition of Bowne passes regulatory waiting period
CHICAGO—R.R. Donnelly has announced the regulatory waiting period for its planned acquisition of shareholder and marketing services provider Bowne & Co. has expired. 

The company announced its intention to purchase Bowne, which has operations in four Canadian cities in February of this year. Its planned purchasing price was approximately $481 million cash, or $11.50 per share.

When the proposed merger was first announced earlier this year former Bowne financial printing operations managing director and industry consultant Lorne Patterson said it would likely mean, among other things the closing of the company’s Toronto plant and survival of its St. Laurent location.

R.R. Donnelly expects the purchase of Bowne to close on Wednesday.

Stay with PrintCan for more details as they become available.

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