Banta Board Rejects Cenveo’s Unsolicited Acquisition Proposal
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MENASHA, WI—Banta Corporation (NYSE:BN) today announced that its Board of Directors, in consultation with its financial and legal advisors, has unanimously rejected Cenveo, Inc.’s (NYSE:CVO) unsolicited proposal to acquire Banta for $47 per share. The Board of Directors determined that the proposal is not in the best interests of Banta shareholders or its other constituents.
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