MILWAUKEE, Nov. 3, 2021 /PRNewswire/ -- Ademi LLP is investigating R.R. Donnelley (NYSE: RRD), for possible breaches of fiduciary duty and other violations of law in its transaction with Atlas.
Click here to learn how to join the action: https://www.ademilaw.com/case/rr-donnelley-sons-company or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges R.R. Donnelley's financial outlook and prospects are excellent and yet R.R. Donnelley shareholders will receive only $8.52 per share in cash for each share. The merger agreement unreasonably limits competing bids for R.R. Donnelley by prohibiting solicitation of further bids, and imposing a significant penalty if R.R. Donnelley accepts a superior bid. R.R. Donnelley insiders will receive substantial benefits as part of change of control arrangements. For example, Chatham Asset Management, LLC ("Chatham"), a private investment firm which manages funds that beneficially own approximately 14.9% of the outstanding common stock of R.R. Donnelley and which is the largest bondholder of R.R. Donnelley has offered to acquire R.R. Donnelley for $9.00-9.50 per share in cash. Chatham reports that R.R. Donnelley has not allowed Chatham to conduct appropriate due diligence.
We are investigating the conduct of R.R. Donnelley's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for R.R. Donnelley.
If you own R.R. Donnelley common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/rr-donnelley-sons-company.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
SOURCE Ademi LLP
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