Streeter, Banta Say No to Burton Offer

“In the unanimous view of our board, you have provided nothing more than a highly conditional and ambiguous overture,” she added. “In fact, your purported ‘offer,’ which is subject to numerous contingencies...is illusory and therefore merits no further discussion.”

Burton, Cenveo chairman and CEO, fired off an open letter to Streeter on August 9 expressing his “disappointment in hearing from you that Banta is not for sale” in response to his offer which, when made public, sent Banta’s stock soaring $12 to the $46 range.