YEAR IN REVIEW - Is M&A Now DOA?

Cunningham Graphics returned to the forefront with the announcement that it had been acquired by Roseland, NJ-based Automatic Data Processing (ADP), a $5 billion computing services firm.

New York City-based Applied Graphics Technologies (AGT), on the heels of widening operating losses due to difficulties with integrating two of the company’s acquisitions, named Derek Ashley its new CEO. Ashley replaced Fred Drasner, who maintained his role as chairman. Change was also in the air for Dayton, OH-based Standard Register, which saw CEO Peter Redding retire and be replaced by Dennis L. Rediker.