Strategic Party Withdraws $11.50 Non-Binding Proposal to Acquire RRD
R.R. Donnelley & Sons Company announced that the unsolicited non-binding and conditional “Alternative Acquisition Proposal” from a strategic party (the “Strategic Party”) to acquire all of the outstanding shares of RRD’s common stock for $11.50 per share in cash has been withdrawn. The Strategic Party did not provide specific reasons for its withdrawal. The Company remains subject to the Chatham Merger Agreement, pursuant to which Chatham will acquire all of the RRD common stock not already owned by affiliates of Chatham for $10.85 per share in cash.