Dallas, Texas 12/25/2013 (FINANCIALSTRENDS) – In mid- December, RR Donnelley & Sons Co (NASDAQ:RRD) and Consolidated Graphics, Inc jointly announced the expiration of the waiting-period under the Hart-Scott-Rodino Antitrust-Improvements Act of 1976 in connection with their previously announced merger-agreement. Under this agreement, RR Donnelley & Sons Co (NASDAQ:RRD) will buy all the outstanding common-stock of Consolidated Graphics. The waiting period for this expired on 13 December.
Expiration of this HSR waiting period satisfies 1 of the closing conditions of this proposed merger, which is subject to shareholder approval of Consolidated Graphics and the other customary closing-conditions. This transaction is expected to close in the 2014Q1.
In the trading session on Tuesday there was a rise of 0.31% in RR Donnelley & Sons Co (NASDAQ:RRD). The shares opened at $19.14, climbed to an intraday high of $19.44 and closed at $19.18. Close to 0.671M shares were traded on Tuesday and the average volume of 2.41M shares got traded over a period of 30 days. The 52-week low of RR Donnelley & Sons Co (NASDAQ:RRD) shares is $8.54 while the 52-week high stands at $19.80. The company has a market capitalization of $3.49 billion.
About the company
RR Donnelley & Sons Co (NASDAQ:RRD) is a global-provider of integrated communications. Its segments include 5the U.S. Print and Related Services segment, the International segment and the corporate segment. The U.S. Print & Related Services segment covers RR Donnelley & Sons Co (NASDAQ:RRD)’s U.S. printing operations. It is managed as 1 integrated platform, with logistics, print management, premedia and other print-related services. The company’s International segment includes its non-United States printing-operations across Asia, Canada, Latin America and Europe. The company operates in the printing-industry, with many related product &service offerings that are designed to offer its customers complete solutions for communicating messages to their audiences. On 28 December 2012, the company acquired Presort Solutions.