RRD Responds to Recent Rumors Regarding Its Asia Pacific Business

R.R. Donnelley & Sons Company (NYSE: RRD) (“RRD” or the “Company”), a leading global provider of marketing and business communications, issued today the following statement in response to a recent Bloomberg article regarding the potential sale of its Asia Pacific business.

“While the Company’s practice is to not comment on speculation or market rumors, RRD clarified today that the Company is not currently engaged in discussions to sell its printing and packaging business in Asia Pacific. As management has previously stated, the Company is focused on its strategy to advance RRD as a leading provider of marketing and business communications and remains focused on executing its long-term strategic priorities – including strengthening its core business, driving revenue performance and improving its balance sheet. As part of this long-term strategy, RRD continuously reviews its business portfolio and periodically explores opportunities to sell portions of its business to increase stockholder value. At this time, RRD continues to actively invest for growth in its Asia Pacific business. In addition, the Company may consider one or more strategic transactions for any of its businesses in the future.”
https://investor.rrd.com/news/news-details/2020/RRD-Responds-to-Recent-Rumors-Regarding-Its-Asia-Pacific-Business/default.aspx?_ga=2.229675228.1319273550.1608298062-574243306.1600258102

Related Posts

Sun Chemical to Increase Prices on Publication Inks in North America

Sun Chemical will increase prices across its portfolio of publication inks in North America, effective June 1, 2021. The continued escalation of raw material costs, increasing international and domestic freight rates, and shortages of key material inputs into the printing ink supply chain, have all contributed to this price increase. “These inflationary pressures require us to raise prices in this market,” said Chris Parrilli, President of North American Inks, Sun Chemical. “Our goal is to continue to deliver the world class support and services our customers expect in order for them to meet their business objectives. We understand the pressures the publication markets face and will continue to investigate all opportunities to mitigate these inflationary pressures on an ongoing basis.”

RRD Announces Results of Special Meeting of Stockholders

R.R. Donnelley & Sons Company held its virtual special meeting of stockholders to consider two proposals relating to the previously announced Agreement and Plan of Merger, dated as of December 14, 2021, by and among Chatham Delta Parent, Inc., Chatham Delta Acquisition Sub, Inc. and RRD. Pursuant to the terms of the Merger Agreement, Acquisition Sub will merge with and into RRD, with RRD surviving the Merger as a direct or indirect wholly owned subsidiary of Parent. The first proposal, to adopt the Merger Agreement, was approved by affirmative vote of a majority of the outstanding shares of RRD common stock entitled to vote thereon.

Heidelberg looking to drive resource efficiency and circularity in packaging

By joining the international alliance 4evergreen, Heidelberger Druckmaschinen AG (Heidelberg) is affirming it is fully committed to environmentally friendly products and technologies. Handling natural resources sustainably and continuously improving circularity, that is to say the circular economy, are key concerns in the growing packaging segment . Consumer demand for sustainable and fiber-based packaging solutions is increasing further still. As a leading partner of the folding carton industry, Heidelberg therefore supports the 4evergreen alliance’s holistic approach throughout the value chain for climate-friendly, green packaging in an enhanced circular economy. “Environmental protection and sustainability are global issues that are also becoming increasingly important in the print media industry,” says Heidelberg CEO Rainer Hundsdörfer. “For many years, Heidelberg has been promoting environmental and sustainability initiatives when developing and manufacturing machinery and units. We are also looking to drive forward and further improve options in terms of recyclability and the use of resources during production in the growing packaging segment,” he adds.
Back To Top
×Close search
Search