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.
Comment below to have your say on this story.
If you have a news story or tip-off, get in touch at [email protected]
Sign up to the Sprinter newsletter