Printing Company Cenveo Submits Bid for Banta to no Avail

Though reeling from disappointing quarterly earnings and a scaling-back of printing sites from five to just two, Wisconsin-based printing company Banta rejected rival Cenveo's buyout offer of $1.1 billion, saying that the company was not for sale.

Cenveo contended that the merger would have produced a printing powerhouse with more than $3 billion in sales that would be more competitive than either entity could be on its own.

Following the news, Banta shares sky-rocketed roughly 35% to $46.15, before receding slightly. Cenveo, for its part, posted a more modest gain of 4%, to $19.25 a share.

Banta made news in the back in April when it partnered with Geoscape to more effectively identify social and economic nuances within the U.S. Hispanic market (/productdetails.aspx?productID=1779).


Trackback from your site.

Editorial Staff

Portada Staff

MORE FROM PORTADA

Why More Brands are Investing in MLS Jersey Sponsorships

Why More Brands are Investing in MLS Jersey Sponsorships

More brands like AmFam, Valspar, Target, Etihad Airways, Acura, and Bimbo decide to be on the MLS team’s jerseys, and sponsorships will keep growing.


SOUNDING OFF-The USHCC 2017 National Convention: Driving America’s Business Future

SOUNDING OFF-The USHCC 2017 National Convention: Driving America’s Business Future

Each fall, the USHCC hosts the country’s largest gathering of Hispanic business leaders: The USHCC National Convention. The Convention is held every year in a city that embodies the American entrepreneurial spirit and supports a thriving small business community.


How Facebook is Cornering the Video Ad Market, also in Mexico

How Facebook is Cornering the Video Ad Market, also in Mexico

With more than 2 billion active users worldwide, and 80 million monthly active users in Mexico alone, the social media giant is boosting revenue at a faster pace than expected. An important part  of Facebook's efforts and investments are going into the creation of a major video advertising platform.