16 November 2021
Bidding War Now On For RR Donnelly
CHICAGO—
RR Donnelly's Canadian head office in Missauga
RR Donnelly's Canadian head office in Missauga
 Chatham Asset has up their bid to buy R.R. Donnelley to $9.10 a share in cash, an offer it said improves upon bid from Atlas Holdings. Chatham also sueing R.R. Donnelley and Atlas in a Delaware court, asking the court to block some features of R.R. Donnelley's agreement with Atlas, which Chatham said was designed to exclude Chatham's participation in a bid process. R.R. Donnelley had agreed to sell itself to Atlas earlier for $8.52 a share. That deal followed  a previous bid from Chatham,
Canada' fifth largest printer and North America's  largest printer .
Canada' fifth largest printer and North America's largest printer .
which already owns a portion of R.R. Donnelley's shares and is its largest bondholder. Chatham, the largest investor in RR Donnelley with a 14.9% stake . Chatham, had earlier tried to engage with the company by asking it to replace directors and threatening a proxy war. 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 Canadian plants . 
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Most Recent News Comment
Bill Mann says:
Congrats Nick. They couldn't have picked a better person for the job. Cheers...
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