Business Management - M&A

RRD’s board has determined the unsolicited proposal from Chatham to acquire RRD for $10.25 per share in cash is a “Superior Proposal.”

Survival and success have new metrics, each of which can impact any firm’s selling or purchase plans.

In response to a “strategic party” that offered to acquire RRD for $10 per share in cash, Chatham raised its bid for the third time. 

RRD’s board voted to accept the $2.1B Atlas offer, despite receiving two apparently higher offers from Chatham and a yet unnamed party.

The UK-based security printing group rebranded to Cartor Security Printers, consolidating the existing brands to a unified identity.

On this episode of The Week that Was, RRD issued a letter of acknowledgement to Chatham Asset Management; Premier Press acquired an HP PageWide T250 HD; and PCI hosted a grand opening of its new regional site and production facility.

Chatham made a fully financed offer to acquire all the common stock of RRD not already owned by Chatham for $9.10 per share in cash.

RRD has 25 calendar days to solicit other offers, including those from Chatham Asset Management, to which it issued a public letter.

On this episode of The Week that Was, the latest edition of The Target Report was released; Harry V. Kirk passed away; Spectrum Printing was named a 2021 Innovators of the Year; and we discuss the new "State of the Industry Report" and "Printing Industry Market Atlas."

After the great dotcom boom and bust of the 2000s, some printing companies have restructured in order to recover.