Streeter, Banta Say No to Burton Offer

STAMFORD, CT—Bob Burton didn’t wait long to identify his next big project. Neither did he have to wait for a response to his overture.

Reeling from a 52 percent decline in quarterly profits, its shares trading at a two-year low and a restructuring ordered for its print sector, Banta might have viewed Cenveo’s proposed, unsolicited acquisition as either fortuitous or extremely predatory. But, in the end, the Menasha, WI-based printer decided it had seen enough.