PITTSBURGH, PA / ACCESSWIRE / November 8, 2021 / Pittsburgh Law Office of Alfred G. Yates Jr. PC announces it is investigating R. R. Donnelley & Sons Company (NYSE:RRD) on behalf of the company's shareholders.
On November 3, 2021, RRD announced that it had entered into a definitive merger agreement to be acquired by affiliates of Atlas Holdings LLC ("Atlas"). Under the agreement, RRD shareholders are expected to receive $8.52 per share in cash in exchange for their shares. Following the closing of the transaction, shares of RRD's stock will no longer be publicly traded.
Subsequently, Chatham Asset Management LLC, which owns approximately 15% of RRD's common stock, announced that it had submitted an "enhanced" offer to RRD's board of directors to acquire all the common stock of RRD not already owned by Chatham for between $9.00 - $9.50 per share in cash.
The investigation is focused on whether RRD's directors breached their fiduciary duties to the company's stockholders by failing to adequately shop the company and maximize the buyout price for shareholders. The investigation also concerns the fairness of the sales process conducted by Centerview Partners LLC, RRD's financial advisor.
RRD shareholders are encouraged to contact attorney Alfred G. Yates Jr. by phone toll free at 1-844-391-5164 or by email at [email protected].
Attorney Advertising. Past results do not guarantee a similar outcome.
Alfred G. Yates Jr., Esquire
Law Office of Alfred G. Yates Jr., PC
(412) 391-5164
1-844-391-5164
[email protected]
[email protected]
SOURCE: Law Office of Alfred G. Yates Jr., P.C.