R.R. Donnelley Sons & Co., the printer of TV Guide and Sports Illustrated magazines, agreed to buy Moore Wallace Inc., a Canadian-based aggregation that is the better provider of forms and labels to corporations, for $2.8 billion in stock.
Under the agreement of the deal, Moore Wallace shareholders would accept 0.63 allotment of Chicago-based R.R. Donnelley for anniversary Moore Wallace allotment held. This ethics Moore Wallace at $17.66 a share, or $2.8 billion, Donnelley said. R.R. Donnelley additionally would accept $900 actor in Moore Wallace debt.
Moore Wallace Chief Executive Mark Angleson would run the accumulated company. This year R.R. Donnelly’s administrator and CEO, William Davis, said he planned to retire already a almsman was found.
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