Banta Says No; Burton Ups Offer

Stephanie Streeter, Banta chairman, president and CEO, said that while she remains confident in her company’s game plan, she nonetheless wants to seek opportunities to further enhance its value.

Ever undaunted, Burton came back with a bid of $50 per share, which “represents our best and final proposal to acquire Banta,” he said in a letter Tuesday to Streeter. That amount would fall to $34 a share after the record date for Banta’s special dividend to shareholders.