Donnelley Nabs Banta in Blockbuster Deal

CHICAGO—Mark Angelson was unable to go Trick-or-Treating on Halloween Tuesday night, but the CEO of RR Donnelley didn’t go home with an empty bag after pulling off the biggest M&A shocker in years.

Donnelley swooped in and acquired Banta Corp. of Menasha, WI, out from under Cenveo Chairman and CEO Robert Burton, who had set an October 31 date as a deadline for Banta to accept his company’s offer of $50 per share. When the 5 p.m. deadline passed, Burton withdrew his proposal.