Chatham Asset Management Completes Acquisition of RRD

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Thomas J. Quinlan named President and CEO

CHICAGO–(BUSINESS WIRE)–Chatham Asset Management, LLC (“Chatham”), a leading private investment firm, and RR Donnelley & Sons Company (“RRD” or the “Company”) announced today today having entered into a transaction in which Chatham’s affiliates acquired RRD for $10.85 per share in cash. The acquisition was previously announced on December 14, 2021 and RRD shareholders approved the transaction at the special meeting of shareholders held on February 23, 2022.

With the completion of the transaction, RRD expects its common stock to cease trading on the New York Stock Exchange prior to the market opening on February 28, 2022. In connection with the completion of the transaction, Thomas J. Quinlan assumed the role of President and Chief Executive Officer of RRD.

“We are excited about the next chapter in RRD’s journey, and I am personally thrilled to lead the company again,” said Thomas Quinlan, President and CEO of RRD. “Above all, I am grateful to the employees of RRD, whose dedication and hard work have contributed to the success and momentum of the company. With Chatham, we plan to remain the industry leader in marketing and corporate communications and continue to meet the evolving needs of our customers. »

Mr. Quinlan is a seasoned executive with significant experience in leading and growing B2B manufacturing and services businesses. He is very familiar with RRD and the print and digital marketing and corporate communications industries, having served as President and CEO of RRD from 2007 to 2016, and President, President and CEO of LSC Communications from 2016 to 2020 after its rotation. -outside the Company.

“We are pleased to finalize our acquisition of RRD and to officially launch our partnership with the Company. We look forward to working with Tom and his talented team and are optimistic about what lies ahead for RRD,” said Evan Ratner, Partner and Portfolio Manager at Chatham.

About RDR

RRD is one of the world’s leading providers of multi-channel business communications services and marketing solutions. With 25,000 customers and 32,000 employees in 28 countries, RRD offers the industry’s most comprehensive solutions offering designed to help businesses, from Main Street to Wall Street, optimize customer engagement and streamline operations. business throughout the customer journey. RRD offers a comprehensive portfolio of capabilities, experience and scale that enables organizations around the world to create, manage, deliver and optimize their marketing and corporate communications strategies.

Johan Nystedt


Source: RR Donnelley & Sons Company

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