Business Management - M&A
RRD announced the receipt of an alternative proposal from a yet-undisclosed strategic party to acqui
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RRD’s board has determined the unsolicited proposal from Chatham to acquire RRD for $10.25 per share in cash is a “Superior Proposal.”
In response to a strategic party that offered to acquire RRD for $10 per share in cash, Chatham raised its bid for the third time.
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RRD has 25 calendar days to solicit other offers, including those from Chatham Asset Management, to which it issued a public letter.