Video: B&B President Discusses $35M Book Printing Investment, What He’s Advising Clients About Paper Shortage (piworld.com)

In Celebration of Dr. Seuss' 119th birthday, Worzalla, an employee-owned book printer specializing in printing high-quality children's books, cookbooks, and hard-cover bestsellers, is donating 500 books to nearly two dozen Free Little Libraries throughout the Stevens Point community. For 130 years, Worzalla has been committed to printing high quality products and books, as well as helping residents of all ages discover a love for reading. “Dr. Seuss Day is celebrated across the country to acknowledge the impact of reading and to inspire children to explore new worlds and ideas," said Kendra Robinson, Human Resources Program Coordinator at Worzalla. "It is part of Worzalla's mission to create opportunities for children to have access to books within their communities, especially on Read Across America Day."

R.R. Donnelley & Sons Company announced today that its Board of Directors unanimously determined that an unsolicited proposal from Chatham Asset Management, LLC to acquire all of the common stock of the Company not already owned by Chatham and its affiliates for $10.85 per share in cash constitutes a “Superior Proposal” as defined in the Company’s previously announced definitive merger agreement with affiliates of Atlas Holdings LLC, dated as of November 3, 2021, subject to the condition that Chatham agree to extend the Revised Chatham Proposal until 9:05 a.m. CST on Friday, December 17, 2021. If Chatham refuses to agree to the Timing Condition, the Board will deem the Revised Chatham Proposal as withdrawn and incapable of being accepted by the Company. Under the terms of the Amended Agreement, affiliates of Atlas have agreed to acquire the Company for $10.35 per share in cash. “Today’s announcement is a testament to the robust process we have in place to maximize value for all stockholders,” said John C. Pope, Chairman of the Board. “Our Board and management team remain committed to acting in the best interests of RRD and all its stockholders, and will continue to take actions to achieve this objective.”

*Increased Net Sales 3% in the first quarter of 2023 compared to the first quarter of 2022, primarily due to higher print product sales in the United States and in Mexico, and also increased Agency Solutions sales as clients continue to embrace Quad’s unique integrated marketing offering. *Reported Net Loss of $25 million compared to Net Loss of $1 million in the first quarter of 2022, while growing Adjusted EBITDA by $11 million or 24% to $60 million in the first quarter of 2023, compared to Adjusted EBITDA of $49 million in the first quarter of 2022. *Increased capital expenditures to fortify investments in innovations that enhance the Company’s integrated marketing offering and drive profitable, long-term growth. *Returned value to shareholders by repurchasing over 5% of our total outstanding common stock since the second quarter of 2022 for $10.3 million.