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RR Donnelley to acquire Consolidated Graphics

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Chicago—RR Donnelley & Sons Co. has agreed to buy Consolidated Graphics, a provider of digital and commercial printing, fulfillment services, print management and Internet-based technology solutions. Under the terms of the deal, Consolidated Graphics shareholders will receive a combination of $34.44 in cash and a fixed exchange ratio of 1.651 Donnelley shares for each outstanding share of Consolidated Graphics they own, or $62 per share based on Donnelley’s closing share price on Oct. 23. The deal is valued at about $620 million, plus the assumption of Consolidated Graphics’ net debt. “This strategic combination will complement the RR Donnelley platform and further enhance our ability to provide integrated communications solutions for our valued clients across all industry verticals,” said Thomas J. Quinlan III, RR Donnelley& Sons president-CEO, in a statement.
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