Streeter, Banta Say No to Burton Offer

The offer came only days after Banta’s dismal quarterly report, when it announced a reorganization of its print sector in order to cut costs and provide long-term stability.

Banta’s second quarter earnings plummeted from $33.8 million in the second quarter of 2005 to $16.1 million in 2006. The sale of its healthcare business fueled its 2005 performance.