RR Donnelley and Bowne Extend Time to Complete Merger and Reaffirm Expectations That Acquisition of Bowne Will Close in 2010
October 21 2010 - 4:32PM
Marketwired
R.R. Donnelley & Sons Company (NASDAQ:
RRD)
and Bowne & Co., Inc. (NYSE: BNE)
announced today that pursuant to the terms of the Merger Agreement
entered into among RR Donnelley, Bowne and Snoopy Acquisition, Inc.
on February 23, 2010, the termination date of the Merger Agreement
has been extended as provided for in the Merger Agreement from
October 23, 2010 to January 23, 2011.
RR Donnelley and Bowne had previously disclosed on May 12, 2010,
that each had received a request for additional information
(commonly known as a "second request") from the Federal Trade
Commission under the Hart-Scott-Rodino Antitrust Improvements Act
of 1976, as amended (the "HSR Act"). Completion of the transaction
remains subject to the expiration or termination of the waiting
period under the HSR Act and other customary closing conditions. RR
Donnelley and Bowne continue to expect the transaction to close
during 2010.
About RR Donnelley RR Donnelley (NASDAQ:
RRD) is a global provider of integrated communications. Founded
more than 146 years ago, the company works collaboratively with
more than 60,000 customers worldwide to develop custom
communications solutions that reduce costs, enhance ROI and ensure
compliance. Drawing on a range of proprietary and commercially
available digital and conventional technologies deployed across
four continents, the company employs a suite of leading Internet
based capabilities and other resources to provide premedia,
printing, logistics and business process outsourcing products and
services to leading clients in virtually every private and public
sector. For more information and for RR Donnelley's Corporate
Social Responsibility Report, visit the company's web site at
http://www.rrdonnelley.com
About Bowne Bowne provides shareholder and
marketing communications services around the world. Dealmakers rely
on Bowne to handle critical capital markets communications with
speed and accuracy. Compliance professionals turn to Bowne to
prepare and file regulatory and shareholder communications online
and in print. Investment managers and third party fund
administrators count on Bowne's integrated solutions to streamline
their document processes and produce high quality communications
for their shareholders. Marketers look to Bowne to create and
distribute customized, one-to-one communications on demand. With
2,700 employees in 50 offices around the globe, Bowne has met the
ever-changing demands of its clients for more than 230 years. For
more information, please visit www.bowne.com.
Use of Forward-Looking Statements This
news release may contain "forward-looking statements" as defined in
the U.S. Private Securities Litigation Reform Act of 1995. Readers
are cautioned not to place undue reliance on these forward-looking
statements and any such forward-looking statements are qualified in
their entirety by reference to the following cautionary statements.
All forward-looking statements speak only as of the date of this
news release and are based on current expectations and involve a
number of assumptions, risks and uncertainties that could cause the
actual results to differ materially from such forward-looking
statements. Such factors include, among others, unanticipated
issues associated with obtaining approvals to complete the
transaction or other unexpected issues that could impact the
closing of the deal. Readers are strongly encouraged to read the
full cautionary statements contained in each of RR Donnelley's and
Bowne's filings with the SEC. Both RR Donnelley and Bowne disclaim
any obligation to update or revise any forward-looking
statements.
Bowne Media Contact: Pamela Blum Director of Corporate
Communications 212-658-5884 pamela.blum@bowne.com Bowne Investor
Relations Contact: Bryan Berndt Treasurer 212-658-5817
bryan.berndt@bowne.com RR Donnelley Media Contact: Doug
Fitzgerald Executive Vice President, Communications 630-322-6830
doug.fitzgerald@rrd.com RR Donnelley Investor Relations
Contact: Dave Gardella Vice President, Investor Relations
312-326-8155 david.a.gardella@rrd.com Bowne & Co., Inc.
55 Water Street New York, NY 10041 (212) 924-5500 Fax: (212)
658-5871
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