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Online Joe

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Offer to Acquire RR Donnelley for $7.50 per Share
« on: October 12, 2021, 10:46:12 AM »
Largest Bondholder Chatham Makes Offer to Acquire RR Donnelley for $7.50 per Share in Cash

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"Despite our efforts to engage with the board on ways to position the business for long-term success, we no longer have confidence in RRD's ability to achieve full and fair value as a public company under the current board and management team," Chatham Asset Management noted in a prepared statement.
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Offline David

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Re: Offer to Acquire RR Donnelley for $7.50 per Share
« Reply #1 on: October 12, 2021, 11:09:12 AM »
whoa


RRD goin' down?


karma maybe?

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Offline Foozball

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Re: Offer to Acquire RR Donnelley for $7.50 per Share
« Reply #2 on: October 13, 2021, 11:48:54 AM »
Damn ... another former employer of mine goes under - I AM THE KISS OF DEATH!  :dev2:


(While I am concerned for my former production co-workers - I wonder how their financials would look if they eliminate that HUGE corporate pork-barrell/payroll out of Chicago!)

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Re: Offer to Acquire RR Donnelley for $7.50 per Share
« Reply #4 on: November 03, 2021, 10:11:58 AM »
WOW

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Offline Tracy

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Re: Offer to Acquire RR Donnelley for $7.50 per Share
« Reply #5 on: November 03, 2021, 10:31:57 AM »
well that might be good news, someone wants to buy a bunch of printers

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Re: Offer to Acquire RR Donnelley for $7.50 per Share
« Reply #6 on: November 03, 2021, 10:42:54 AM »
Acquisitions like this are never good for the boots on the ground people.
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Re: Offer to Acquire RR Donnelley for $7.50 per Share
« Reply #7 on: November 03, 2021, 10:51:13 AM »
I would imagine there could be a lot of people out of work after they clean house.

which is what usually happens after a buy-out.

Yikes!
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Offline Tracy

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Re: Offer to Acquire RR Donnelley for $7.50 per Share
« Reply #8 on: November 03, 2021, 10:56:44 AM »
Oh ok I was thinking the opposite, boo!

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Re: Offer to Acquire RR Donnelley for $7.50 per Share
« Reply #9 on: November 03, 2021, 11:05:11 AM »
That is because you are young and optimistic. Not grumpy and old like David and I. :rotf:
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Re: Offer to Acquire RR Donnelley for $7.50 per Share
« Reply #10 on: November 03, 2021, 11:06:22 AM »
that's how I had to get another job after 35 years in the same building...

now that spot where the old building used to be is a huge fenced in area full of 4 foot tall grass and weeds.


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Offline Possum

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Re: Offer to Acquire RR Donnelley for $7.50 per Share
« Reply #11 on: November 03, 2021, 04:25:48 PM »
Sure, it's not like anybody is really trying to rescue anything. They've got a plan to squeeze out money up to the max and leave a prune.
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Offline Skryber

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Re: Offer to Acquire RR Donnelley for $7.50 per Share
« Reply #12 on: November 03, 2021, 04:45:44 PM »
Sure, it's not like anybody is really trying to rescue anything. They've got a plan to squeeze out money up to the max and leave a prune.

Sounds like the owner of my last shop. He was notorious for doing that to all types of businesses.
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Re: Offer to Acquire RR Donnelley for $7.50 per Share
« Reply #13 on: November 04, 2021, 08:21:47 AM »
I think the real problem is when a printer goes public and then has shareholders who are only there to make money. Don't get me wrong, that is what a company is there for, but shareholders are on a different level. Neither one is inherently bad, and they have their good points, but seems to be, when they get this big, it is all about the  :money: .
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