Donnelley, Moore Wallace To Merge

Upon completion of the transaction, RR Donnelley and Moore Wallace shareholders will own, respectively, approximately 53 percent and 47 percent of the combined company.

In addition to significantly enhanced revenue opportunities, the combined company expects to generate cost savings of at least $100 million on an annualized basis in the first 12 to 24 months after the closing. These savings are anticipated to result from the elimination of duplicative administrative and infrastructure costs, reduction in procurement expenses and asset rationalization.