R.R. Donnelley & Sons Company announced that it has accepted a proposal from affiliates of Atlas Holdings LLC to increase the price per share of their pending acquisition of RRD to $10.35 per share in cash, and has entered into an amendment to its previously announced definitive merger agreement with affiliates of Atlas, dated as of November 3, 2021. Under the terms of the Amended Agreement, RRD stockholders will receive $10.35 in cash for each share of common stock of the Company that they own, representing a premium of 21.5% over $8.52, the price per share of RRD common stock under the Original Agreement. The revised all-cash transaction is valued at a total enterprise value of approximately $2.2 billion and total equity value of approximately $856 million.
LSC Communications announced today that its Book Division, the largest book producer in the United States, will now operate as Lakeside Book Company. In addition to book manufacturing, Lakeside provides distribution, sales and marketing services, as well as IP and brand protection technology for book publishers and others requiring premium quality print and distribution-related services. The new name of the Book Division as Lakeside Book Company is rooted in the company’s rich history and marks a renewed commitment to providing best-in-class printing and fulfillment services.
“Lakeside Book Company represents the best of our past and the opportunity to build on that foundation and write our future as the go-to book producer for publishers large and small. The Lakeside name is a nod to our roots and symbolic of the trust our company has earned to help stories of all kinds be shared. We have taken the opportunity to revisit our company values and align ourselves around the true purpose of our business: crafting books for readers and serving our publishing customers,” says Dave McCree, CEO of Lakeside Book Company.
Lakeside Book Company is a nod to Lakeside Classics, the longest running, continuous series of books in America and the only work published under the Lakeside Press imprint. A tradition that dates back to 1903 when T.E. Donnelley, son of the founder and president of RR Donnelley & Sons Company, began giving special edition books as gifts each holiday season. The Lakeside name is synonymous with tradition and evokes the past while recognizing the evolution of the books division from part of RR Donnelley to LSC Communications and now as Lakeside Book Company.
more at source: https://www.piworld.com/article/lsc-communications-renames-book-division/#ne=d7f0e6e16b0d037f71fc050491da5623&utm_source=today-on-piworld&utm_medium=newsletter&utm_campaign=2021-06-07