RR Donnelley acquires Bowne

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26 Feb 2010`. The saga of the giants continues with RR Donnelley and Bowne & Co jointly announcing that they have signed a definitive agreement pursuant to which RR Donnelley will acquire Bowne & Co, a provider of shareholder and marketing communications services and the world’s largest financial printer. The all cash deal is valued at US$ 481 million. The agreement has been approved by the Boards of Directors of both companies. The acquisition is expected to be accretive to RR Donnelley's earnings in the first full year after the closing of the transaction, which is expected to occur in the second half of the year. The completion of the transaction is subject to customary closing conditions, including regulatory approval and approval of Bowne shareholders.
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