RR Donnelley completes US$481m Bowne purchase

First mooted in March this year, the two companies have undertaken a long courting process, which was held up by antitrust checks in North America.

However, a statement today said: “RR Donnelley & Sons Company today announced that it has completed its previously announced purchase of Bowne & Co, a provider of shareholder and marketing communications services.”

The all-cash deal is valued at around US$481m, or $11.50 per share, and will combine RR Donnelley’s current US$2.5bn turnover with Bowne’s US$675m.

Read the original article at www.printweek.com.

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