Combined firm is now the largest printing company in North America.
RR Donnelley and Moore Wallace
announced they have successfully completed their merger to become the largest
printing company in North America.
The merger, which was announced in November, combines RR Donnelley’s strengths
in book, catalog and magazine printing with Moore
Wallace’s forte in outsourced customer and financial statement printing,
personalized forms and labels, the companies said. The result is a huge one-stop
shop.
The new RR Donnelley will
offer customers "an unparalleled suite of print and
print-related products and services that will help them meet the challenges of
doing business every day," said Mark Angelson, CEO of RR Donnelley. "There will
be virtually no printing solution a company could require that we cannot meet by
drawing on our exceptional premedia resources, production capabilities,
logistics resources and information technology
systems."
Under the terms of the previously
announced agreement, all outstanding shares of Moore Wallace common stock will
be exchanged for shares of RR Donnelley common stock based on a fixed exchange
ratio of 0.63 of an RR Donnelley share for each Moore Wallace share. This equals
$17.66 in value per Moore Wallace share, or approximately $2.8 billion in total
equity value. Overall, the combined company is expected to reach $8 billion in
revenues and $6 billion in market value.
As a result of the merger, RR Donnelley
changed its trading symbol from DNY to RRD. Shares of RR Donnelley began trading
on the New York, Toronto and Chicago Stock Exchanges and the Pacific Stock
Exchange under the new RRD ticker symbol on March 1.
For more information, visit RR
Donnelley here.
