Chatham Asset Management, which kicked off the bidding to take RR Donnelly private and already owns just under 15 percent of Donnelly’s stock, offered a fully-financed bid to acquire the printing company for $9.10 per share in cash. They say their bid is worth approximately $48 million more than the deal from Atlas Holdings (which bought LSC Communications in bankruptcy). Chatham also filed suit in a Delaware Chancery Court, asking for the termination fee due Atlas if they do not prevail and certain other provisions to be declared unenforceable. Chatham indicated that they will pay $9.34 a share if the termination fee […]
