Burton Increases Offer for Banta

STAMFORD, CT—History has shown that Cenveo Inc. Chairman and CEO Robert Burton is not the shy, retiring type who takes no for an answer. In his quest to annex Banta Corp., Burton is being true to form.

Refuting the assertion that Cenveo’s bid to acquire Banta was “a highly conditional and ambiguous overture,” Burton responded by increasing his offer from $46 to $47 per share ($1.14 billion) and later mailed a formal merger proposal. Attached with the proposal was a warning—Cenveo will find ways of finishing the transaction.