R.R. Donnelley acquires printing company
Fri, 25 Oct 2013 15:09:21 GMT —
R.R. Donnelley has agreed to acquire Consolidated Graphics, a provider of digital and commercial printing, fulfillment services, print management and proprietary Internet-based technology solutions.
The announcement comes less than a month after R.R. Donnelley closed down its Jefferson City plant and laid off 475 workers.
Under the terms of the transaction, Consolidated Graphics shareholders will receive a combination of $34.44 in cash and a fixed exchange ration of 1.651 R.R. Donnelley shares for each outstanding share of Consolidated Graphics they own or $62 per share based on R.R. Donnelleyâ??s closing share price on October 23rd.
That creates a transaction value of nearly $620 million.
The agreement has been unanimously approved by each company's Board of Directors.