The drawn out battle to buy RR Donnelly appears to be over, as the company announced that the unidentified “strategic party” has withdrawn its higher bid of $11.50 a share. That leaves the company headed for shareholder approval of the $10.85 a share deal from Chatham Asset Management. The strategic party “did not provide specific reasons for its withdrawal.” Separately, the company noted in two recent SEC filings that its computer systems had been attacked. The first “intrusion” was disclosed December 27, when they shut down their servers and systems and began a forensic investigation. The update on January 18 […]
