RR Donnelley & Sons Company (NASDAQ:RRD) has announced that it has signed a definitive agreement with Bowne & Co, Inc. (NYSE:BNE) for the acquisition of Bowne & Co., Inc. Bowne & Co. is engaged in the provision of shareholder and marketing communications services. The transaction is valued at $481 million or $11.50 per share, and is an all cash deal. The agreement has received approval from both Boards of Directors. The acquisition will be accretive in RR Donnelley’s earnings in the first full year following the closing of the transaction. The transaction is anticipated to close within the second half of the year. Closing is subject to customary closing conditions, such as regulatory approval, and the approval f Bowne shareholders.
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R.R. Donnelley & Sons Company (RR Donnelley) is a service provider of print and related services, including business process outsourcing. The Company provides products and solutions in commercial printing, direct mail, financial printing, print fulfillment, labels, forms, logistics, call centers, transactional print-and-mail, print management, online services, digital photography, color services, and content and database management to customers in the publishing, healthcare, advertising, retail, technology, financial services and many other industries. On January 2, 2009, the Company acquired the assets of PROSA, a Web printing company located in Santiago, Chile. PROSA’s operations include producing magazines, catalogs, retail inserts and soft-cover textbooks. On March 14, 2008, the Company acquired Pro Line Printing, Inc., a multi-facility, privately held producer of newspaper inserts headquartered in Irving, Texas. In June 2009, the Company acquired Prospectus Central, LLC.
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