Banta Says No; Burton Ups Offer

Banta has until 5 p.m. on October 31 to accept Cenveo’s proposal, after which the deal comes off the table.

“Since we made our original proposal almost eight weeks ago, we believe that our deadline will provide you with plenty of time to determine if there are any third parties willing to pay more than Cenveo and otherwise conclude your exploration of potential ‘strategies for maximizing shareholder value,’” Burton wrote.