YEAR IN REVIEW — 2006: BANTA ON THE LOOSE

The summer didn’t truly heat up, though, until Burton made his bid to acquire Menasha, WI-based Banta. Stephanie Streeter, chairman, president and CEO of Banta, rejected early bids of $46 and $47 a share, then announced the company would explore strategic alternatives aimed at creating shareholder value. One such move was to declare a special $16 dividend. Banta, meanwhile, reorganized its print sector to cut costs in the face of plummeting earnings.