R.R. Donnelley & Sons Company announced that it has entered into a definitive merger agreement to be acquired by affiliates of Chatham Asset Management, LLC, a leading private investment firm, in an all-cash transaction with a total enterprise value of approximately $2.3 billion and total equity value of approximately $897 million. RRD also announced that it has terminated its previously announced merger agreement with affiliates of Atlas Holdings LLC, dated November 3, 2021, pursuant to which affiliates of Atlas had agreed to acquire RRD for $10.35 per share in cash. The termination of the Amended Atlas Merger Agreement follows the decision by Atlas to waive its contractual opportunity through December 16, 2021 to negotiate an amendment of the Amended Atlas Merger Agreement such that the transaction contemplated by the Chatham Merger Agreement would no longer constitute a “Superior Proposal” as defined in the Amended Atlas Merger Agreement.
Worzalla, an employee-owned printing company specializing in high-quality children’s books, movie tie-in books and cookbooks, for the fourth year in a row collected 600 pounds of school supplies as part of Project Fresh Start, a United Way of Portage County Volunteer Center program. Last year Project Fresh Start provided free school supplies to over 1,050 fourth to twelfth graders in Portage County who qualify for free and reduced lunch through their school district.
“Project Fresh Start depends on the support of our community to help provide school supplies to students in need,” said Brianne Petruzalek, Vice President of Human Resources at Worzalla. “Worzalla and its associates are proud to help prepare the students in Portage County schools for the upcoming school year and support United Way in their efforts to build a stronger community for all of us.”
Worzalla associates were incentivized to contribute to the school supplies drive through an internal contest. For each item donated, the employee received entry into a drawing to win paid time off or one of five $50 gift cards. Along with the school supplies collected and donated by Worzalla associates, Worzalla also purchased and donated 5,000 pencils and 20 backpacks to Project Fresh Start. Other donated items included pencils, notebooks, folders, markers, and more.
“Worzalla is proud to support community organizations and programs that champion education and literacy like United Way’s Project Fresh Start,” said Jim Fetherston, President and CEO at Worzalla. “We appreciate the United Way of Portage County for organizing Project Fresh Start. We are responsible for making sure every student in our community starts the school year on the right page.”
Worzalla has a history of supporting literacy and learning in the community, such as supporting area schools, donating books and sponsoring related events. Worzalla prints many popular children’s books and is best known for being the domestic manufacturer of the popular Diary of a Wimpy Kid series. More information is available at Worzalla.com.