R. R. Donnelley & Sons (RRD) Is Up Significantly After An Important Agreement

Today, R. R. Donnelley & Sons (RRD) is gaining momentum in pre-market trading sessions by 40% from several statements. The company stock prices were up by 1.38% during the week, while in pre-market is trading higher by $9.26. As of November 3, the market cap is equaled 480 million dollars. Earlier today, it has announced that Atlas will acquire the RRD for $8.52 per share in cash with a total value of around $2.1 billion. Separately, the company published its long-awaited third quarter 2021 results.
RRD is a leading global provider of multichannel business communications and marketing solutions. Besides, for the quarter, the company’s net sales were $1.27 billion, which is significantly raised by $76.5 million to 6.4% compared to the previous year. GAAP and non-GAAP income from operations and margins markedly improved; it is expanded by 6.4%, and Non-GAAP by 5.5%. The company is delighted that the total debt is down $508 million from a year ago.

April Sanchez

Business and Tech Reporter