14 October 2021
RR Donnelly Target Of Hostile Take Over
CHICAGO—
RR Donnelley's Canadian Head Office
RR Donnelley's Canadian Head Office , Missisauga Ontario 
 Private equity firm Chatham Asset Management is making a bid for  RR Donnelly. The dissident share holder , own approximately 14.9% of the outstanding common stock and  is the largest bondholder of Chicago-based RR Donnelley & Sons (RRD), is seeking to buy the remaining shares of North America's largest commercial printing company for $7.50 per share in cash. It would represent a 52.1% premium over RRD's closing price of $4.93 per share on Oct. 11.
Canada's fifth latest printer
Canada's fifth latest printer
Chatham also noted it is willing to  subordinate its entire debt position, reducing RRD's total debt by 23%.  RR Donnelly is Canada's fifth largest printer according to Graphic Monthly's listing  of Canada's top  printers with sales around $250 million in Canada . RR Donnelly took over Moore Business Forms and all of their plants in Canada . They also own Annan & Bird in Mississauga. 
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