RRD to be acquired by Atlas for $8.52 per share in cash, valued at ~$2.1B

Nov. 03, 2021 8:08 AM ETR. R. Donnelley & Sons Company (RRD)By: Niloofer Shaikh, SA News Editor5 Comments

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  • R.R. Donnelley & Sons Company (NYSE:RRD) shares surge 40% premarket on entering into a definitive merger agreement to be acquired by affiliates of Atlas Holdings LLC in an all-cash transaction with a total enterprise value of approximately $2.1B.
  • Atlas will acquire all of the outstanding shares of RRD common stock for $8.52 per share in cash.
  • The purchase price represents a premium of approximately 29.1% of closing price on November 2, 2021.
  • The transaction is expected to close in the first half of 2022.
  • RRD’s shares will cease to trade on NYSE after closing.
  • The company earlier today received an enhanced non-binding offer by Chatham Asset Management, LLC of $9.00 - $9.50/share vs. prior offer of $7.50/share.
  • Earlier today, the company reported upbeat Q3 results and withdrew FY2021 guidance in the light of going private.

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