RRD receives revised acquisition proposal from Chatham Asset Management
November 17, 2021 By PrintAction Staff
R.R. Donnelley & Sons Company (RRD) receives a proposal from Chatham Asset Management to acquire all outstanding shares of RRD not already owned by Chatham for $9.10 per share in cash.
Earlier this month, RRD announced it had entered into a definitive merger agreement to be acquired by affiliates of Atlas Holdings for $8.52 per share in cash for each share of RRD common stock.
In accordance with the terms of its merger agreement with Atlas, the RRD board of directors will carefully review and consider Chatham’s revised proposal to determine the course of action that it believes is in the best interests of the company and RRD shareholders.
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