Burton Committed to Banta Acquisition

STAMFORD, CT—Refuting the assertion that Cenveo’s bid to acquire Banta was “a highly conditional and ambiguous overture,” Cenveo Chairman and CEO Robert Burton responded by increasing his offer from $46 to $47 per share, or $1.14 billion.

In a letter Tuesday to Stephanie Streeter, Banta chairman, president and CEO, Burton reiterated his belief that a combined company “will maintain a balanced portfolio of print and print-related services enabling it to compete more efficiently in the industry and provide even better service to its customers.”