YEAR IN REVIEW — 2006: BANTA ON THE LOOSE
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Erik Cagle
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The biggest shocker occurred at the end of October, when RR Donnelley seemingly came out of nowhere and reached a deal to acquire Banta for $52.50 per share, a total of roughly $1.3 billion. The month-long negotiations were kept air tight and the announcement came on the heels of Burton formally withdrawing his $50 a share proposal. Streeter was to remain with the company during the transition phase before leaving to pursue other interests.
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Erik Cagle
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