Seeking Alpha

RR Donnelley to buy Consolidated Graphics for $620M

RR Donnelley & Sons (RRD) has agreed to acquire Consolidated Graphics (CGX) for $620M plus debt in a cash and stock deal that will expand RR Donnelly's presence in the commercial-printing market.

RR Donnelley is offering $62 a share - based on its closing price of $16.69 yesterday - below Consolidated Graphics' close of $63.60.

RR Donnelley projects that the purchase will add to its adjusted earnings within 12 months of the deal closing, which is expected in Q1 2014. (PR)

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