Business News
RR Donnelley and Bowne Extend Time to Complete Merger and Reaffirm Expectations That Acquisition of Bowne Will Close in 2010
Friday 22. October 2010 - 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.