Search
Close this search box.
Join Forces with Top Brands at Portada Live, NYC, Sept, 19, 2024!

R.R. Donnelley & Sons Acquires Banta

R.R. Donnelley & Sons Co. last week agreed to acquire Banta Corp. for about $1.3 billion in cash to gain sales to publishing, catalog and direct-marketing customers.

Content

R.R. Donnelley & Sons Co. last week agreed to acquire Banta Corp. for about $1.3 billion in cash to gain sales to publishing, catalog and direct-marketing customers.

The deal – $36.50 a share after a special dividend of $16 a share already declared by Banta – has been unanimously approved by both companies' boards, and is expected to close in the first quarter of 2007.

Cenveo, a commercial printer based in Stamford, Conn., had bid for Banta in recent months, but last week said in a letter to Banta that it was withdrawing its cash offer for the company.

Chicago-based Donnelley, a provider of printing services, sees the acquisition adding to earnings in the first full year after the close of the deal, which remains subject to approval from regulators and shareholders.

Banta revealed plans to close plants and fire staff as part of a previously announced effort to reduce annual costs by $35 million. Banta, whose main business unit is printing, has a significant multicultural marketing unit that emphasizes print-centric multicultural marketing solutions.

R.R. Donnelley prints advertising inserts, financial reports, business forms, labels, magazines, telephone directories and textbooks. Its clients include Verizon Yellow Pages printing all Verizon Yellow Page Directories in North America, including Verizon's Spanish-language directories.

Meet & Learn
Portada Live Events

U.S.

April, 10, 2025

Latin America

April, 10, 2025

Popular Now

Boost Your Sales

Who is Moving Now

The Latest

Hispanic AVOD

Upfront Players Bet on Hispanic AVOD Growth

At the Upfront presentations in New York City, Hispanic-targeted companies like Televisa-Univision, Telemundo, Canela Media, MyCode and others touted their AVOD offerings. Recent data backs the rationale of high growth in Hispanic AVOD.

Get our e-letters packed with news and intelligence!