Burton Delivers CVO-Banta Merger Agreement

Burton has offered $47 a share, or $1.14 billion, for Banta; however, that figure drops to $31 a share on November 10, the trigger date of the special dividend for shareholders. That was among the strategic initiatives announced by Streeter earlier this month.

“You should do what is best for your shareholders, not what is best for you and your board,” he concluded.