Printing Industry News for Canada | RSS | 
3 March 2022
Chatham Finally Closes RR Donnelly Buy Out
CHICAGO—
RR Donnelley’s( RRD) share holders have approved the company’s sale to Chatham Asset Management.
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Tom Quinlan , becomes President and CEO . Quinlan served as the CEO of RRD from 2007 to 2016, when RRD was split into three separate companies.
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In a special meeting of share holders held on 23 February. This deal would see Chatham – RRD’s largest investor – acquire all of the outstanding shares of RRD common stock that Chatham does not already own for $10.85 per share in cash. Chatham had to fend off private equity firm Atlas Holdings multiple times in a bidding war. Atlas offered in November $8.52 per share in cash.Atlas eventually raised its offer to $10.35 per share, before eventually dropping out of the bidding.
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Canadian Head Office in Mississauga
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RRD’s shares will no longer trade on the New York Stock Exchange, and RRD will become a private company.RR Donnelly is North America' largest printer and 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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