FTC clears RR Donnelly’s acquisition of Bowne

North American financial printing market about to be cut to just two major players

RR Donnelley & Sons in conjunction with Bowne, a New York based printing, shareholder and marketing communications firm announced yesterday that they were notified by the Federal Trade Commission that the investigation into the proposed acquisition of Bowne has been closed and on Monday, the Chicago-based company RR Donnelley were given the green light by the FTC to complete the long awaited purchase of Bowne.

According to a statement from both companies: ‘RR Donnelley and Bowne expect to promptly complete the transaction, which remains subject to the satisfaction of other customary closing conditions.’

As a result, the FTC has now closed that investigation and no additional action is warranted at this time.

Back in February, the printing company announced that it would pay about $481 million in cash or $11.50 per share for Bowne. With this purchase, Bowne anticipates that its operations will expand and enhance the range of services that they currently offer customers both locally and internationally.

In wake of this transaction, some changes will be made to stock indices. Synchronoss Technologies is in the running to replace Bowne in the S&P SmallCap 600 index after the close of the acquisition on November 24, said the credit ratings agency, Standard & Poor's.

0 comments

You must be registered to comment.

Please Sign In or Register.

Key considerations for corporate advisory boards

Companies are increasingly turning to board advisers or advisory boards as an additional source of guidance. Setting clear goals, protecting company interests and addressing adviser concerns are critical issues when establishing an advisory relationship. This resource highlights key considerations for a company creating an advisory board, including:

  • Determining the advisers’ strategic role
  • Identifying advisers and creating goals
  • Protecting intellectual property and confidential information
  • Compensating advisers
  • Best practices to document the relationship
Download your complimentary copy of the Practical Law white paper resource Board advisers and corporate advisory boards.

Practical Law, a Thomson Reuters legal solution

Practical Law provides legal know-how that gives lawyers a better starting point. Our expert team of attorney editors creates and maintains thousands of up-to-date, practical resources across all major practice areas. We go beyond primary law and traditional legal research to give you the resources needed to practice more efficiently, improve client service and add more value. Our job is to make you better at yours.

Click here to see why more in-house counsel trust Practical Law resources more than anything else.