LSC Communications to close its Lancaster East and Lancaster West long-run catalog and magazine printing plants, impacting 656 workers.
Mark Michelson
Although the paper shortage — in conjunction with other supply-chain disruptions — is top-of-mind among print providers serving a wide range of markets, it's not a dilemma that captures attention in the mainstream media, nor among lawmakers on Capitol Hill...
RRD shareholders approved the acquisition, after which Chatham Asset Management named former RRD CEO Tom Quinlan as the new CEO of RRD. “We are excited about the next chapter in RRD’s journey, and I am personally thrilled to be leading the company once again,” Quinlan said in a prepared statement...
In an unusual show of bipartisan unity, the U.S. House of Representatives passed the sweeping Postal Service Reform Act of 2021 (H.R. 3076) last Tuesday by a 342-92 vote, clearing the way for the U.S. Postal Service (USPS) reform legislation to move on to the U.S. Senate, where a companion bill (S 1720) already has similar bipartisan support...
It appears that the M&A battle for control of RR Donnelley & Sons (RRD) — North America's largest commercial printing conglomerate, ranked No. 1 on the most recent Printing Impressions 300 list — has been decided...
On Friday, Dec. 10, RRD's board unanimously determined that the unsolicited (now fourth) proposal from Chatham Asset Management to acquire all of its common stock for $10.85 per share in cash constitutes a “Superior Proposal” over Atlas Holdings' latest bid of $10.35 per share in cash. However, it subjected Chatham...
Private equity firm Chatham Asset Management, the largest bondholder and an approximately 14.9% common stock shareholder of RR Donnelley & Sons (RRD), may be hoping the third time proves to be the charm in its attempts to wage a hostile takeover of RRD...
Chatham Asset Management, a private investment firm that already owns approximately 14.9% of the outstanding common stock of Chicago-based R.R. Donnelley & Sons (RRD) and which is also its largest bondholder, submitted a binding, fully financed...
North America's largest commercial printing conglomerate RR Donnelley & Sons (RRD) has entered into a definitive merger agreement to be acquired by affiliates of Atlas Holdings in an all-cash transaction with a total enterprise value of approximately $2.1 billion. The transaction is expected to close in the first half of 2022...
Bondholder Chatham Asset Management is seeking to buy North America’s largest commercial printing company for $7.50 per share in cash.
Verso has entered into an agreement with private equity firm Atlas Holdings to further negotiate its earlier unsolicited takeover bid.
As printers find themselves facing higher paper prices, shortages of several graphic arts grades and allocations from mills that have removed production capacity, the future direction of one American coated paper provider has become murky with the announcement that...
Charles "Charlie" Whitaker, a 30-year paper industry veteran who joined Taylor Corporation in 2012 and most recently served there as executive vice president, has been named CEO of the North Mankato, Minnesota-based international printing conglomerate. He replaces company founder Glen Taylor, who remains...
LSC Communications has voluntarily filed Chapter 11 bankruptcy, but will continue to operate with debtor-in-possession financing.
In recent times, there have been far more reports of U.S. printing facility closures than of new plant openings, including the sudden shutdown of Henrico, Virginia-based Colortree on June 3, 2019, which displaced approximately 240 workers...
