RR Donnelley Acknowledges Chatham Bid Against Atlas
By Leslie Pappas (November 29, 2021, 1:58 PM EST) -- Marketing communications firm R.R. Donnelley & Sons Co. on Monday acknowledged two competing bids to a proposed $2.1 billion merger with private equity firm Atlas Holdings LLC, a $9.10 per share offer from Chatham Asset Management LLC and a $10 per share deal from an unnamed "strategic party."
The proposed deal had drawn two lawsuits, which plaintiffs sought to expedite at a hearing Monday in Delaware's Chancery Court. Chancellor Kathaleen St. J. McCormick said during a hearing Monday she'd postpone her decision on whether to fast track the litigation, saying she was "reticent" to expedite the case "when the process is ongoing."...
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