R.R. Donnelley & Sons Co.

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Mergers / Acquisitions

RRD Says Received Unsolicited Non-Binding Proposal To Acquire RRD For $11.00 Per Share In Cash

Published: 12/30/2021 02:18 GMT
R.R. Donnelley & Sons Co. (RRD) - Rrd Receives Unsolicited Non-binding Proposal to Acquire Rrd for $11.00 per Share in Cash.
Board Determines Proposal Would Reasonably Be Expected to Lead to a "superior Proposal".
Under Terms of Chatham Merger Agreement, Affiliates of Chatham Have Agreed to Acquire Company for $10.85 per Share in Cash.
at This Time, Board Has Not Determined That Strategic Party Proposal Constitutes a Superior Proposal.
Rr Donnelley & Sons-no Assurances That Transaction Will Result From Strategic Party Proposal Or Any Alternative Transaction Will Be Entered,consummated.
Also Confirmed Receipt of a Letter From Chatham Regarding Strategic Party Proposal.
Rrd-in Letter, Chatham Stated Belief That Strategic Party Proposal Does Not Constitute,would Not Reasonably Be Expected to Lead Superior Proposal.
Chatham's Belief That Conclusion Otherwise by Board Would Be a Breach of Company's Obligations Under Chatham Merger Agreement.
Rrd - Board Has Not Made a "change of Recommendation" (as Defined in Chatham Merger Agreement), Reaffirms Its Recommendation of Chatham Merger Agreement.
Rrd - Board Also Rejects All "alternative Acquisition Agreements".
Rr Donnelley & Sons - in Addition, Co Will File Preliminary Proxy Statement in Respect of Transactions Contemplated by Chatham Merger Agreement.
Rrd- Co is Not Permitted to Engage in Negotiations Or Discussions With, Or Furnish Nonpublic Information, Data to Strategic Party.