Lowenstein Sandler represented Chatham Asset Management LLC, (“Chatham”), a leading private investment firm, in the completion of the acquisition of printing and marketing company R.R. Donnelley & Sons Company (“RRD”), in which affiliates of Chatham acquired RRD for $10.85 per share in cash, in a transaction with a total enterprise value estimated to be approximately $2.5 billion. The acquisition was previously announced on December 14, 2021, and RRD stockholders approved the transaction at the Special Meeting of Stockholders held on February 23, 2022.
With the completion of the transaction, RRD’s common stock ceased trading on the New York Stock Exchange before market open on February 28, 2022. In connection with the completion of the transaction, Thomas J. Quinlan has assumed the role of President and Chief Executive Officer of RRD.
RRD is a leading global provider of multichannel business communications services and marketing solutions. With 25,000 clients and 32,000 employees across 28 countries, RRD offers the industry’s most comprehensive offering of solutions designed to help companies—from Main Street to Wall Street—optimize customer engagement and streamline business operations across the complete customer journey. RRD offers a comprehensive portfolio of capabilities, experience and scale that enables organizations around the world to create, manage, deliver, and optimize their marketing and business communications strategies.
The Lowenstein deal team was led by partner James O’Grady and included Richard Bernstein, Lowell A. Citron, Andrew E. Graw, Darren Goodman, Rachel Ingwer, Eric Jesse, Jared Kelly, Marita A. Makinen, Kathleen A. McGee, Megan Monson, Steven M. Skolnick, Theodore C. Sica, Lloyd Jeglikowski, Robert Bee, Sarah P. Cole, Sabrina Cua, Judith G. Rubin, Fran Skoller, Tracy F. Buffer, Nathaniel A. Perle, Raquel Smith, and Geena M. Caporale.
About Lowenstein Sandler LLP
Lowenstein Sandler LLP is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.