Burton Increases Offer for Banta

Burton asked Streeter to meet with him to discuss the purchase. As in past courtships of graphic arts concerns, Burton refuses to discuss the specifics of a master plan for improving the company.

Addressing some concerns cited in Streeter’s August 18 letter, Burton noted that financial commitments have been made by Lehman Brothers and Wachovia to provide necessary financing to acquire Banta’s outstanding shares in an all-cash transaction.