R.R. Donnelley & Sons Company (NYSE:RRD) shares surge 40% premarket on entering into a definitive merger agreement to be acquired by affiliates of Atlas Holdings LLC in an all-cash transaction with a total enterprise value of approximately $2.1B.
Atlas will acquire all of the outstanding shares of RRD common stock for $8.52 per share in cash.
The purchase price represents a premium of approximately 29.1% of closing price on November 2, 2021.
The transaction is expected to close in the first half of 2022.
RRD’s shares will cease to trade on NYSE after closing.