Streeter, Banta Say No to Burton Offer

Only one week after Burton’s public revelation of a $1.12 billion offer, or about $46 per share, for the struggling company, Banta Chairman, President and CEO Stephanie Streeter shot back with a short and not-so-sweet negative response.

“The (Banta) directors fully support our management team, which remains focused on executing our strategic plan to deliver long-term value for our shareholders,” Streeter wrote in a letter dated August 16.