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News Breaks
January 21, 2014
08:50 EDTCRRCCourier reports Q1 EPS 23c, one estimate 22c
Reports Q1 revenue 72.8M vs. $64.8M last year.
News For CRRC From The Last 14 Days
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January 28, 2015
08:31 EDTCRRCCourier board says R.R. Donnelley proposal could be 'superior'
Courier Corporation (CRRC) announced that its Board of Directors has reasonably determined in good faith, after consultation with its independent legal and financial advisors, that the non-binding, unsolicited proposal from R.R. Donnelley & Sons Company (RRD) to acquire the Company for $23.00 per share in cash or RR Donnelley common stock is reasonably likely to result in a “Superior Proposal” as defined in Courier’s merger agreement with Quad/Graphics, Inc. (QUAD). As previously announced, the RR Donnelly proposal is subject to proration in the event that Courier shareholders elect to receive more than approximately 49% cash or more than approximately 51% stock, and is subject to, among other things, various closing conditions, Courier shareholder approval and regulatory approvals. Under the Quad/Graphics agreement, the Courier Board’s determination allows Courier to provide information to and conduct discussions and negotiations with RR Donnelley, but does not allow Courier to terminate its agreement with Quad/Graphics or enter into any other agreement with RR Donnelley. Courier’s Board has not determined that RR Donnelley’s proposal in fact constitutes a Superior Proposal under the existing merger agreement with Quad/Graphics and has not changed its recommendation in support of the merger with Quad/Graphics. There can be no assurance that the discussions with RR Donnelley will result in the Courier Board’s determination that the RR Donnelley proposal is a Superior Proposal or the consummation of a transaction that is superior to the pending transaction with Quad/Graphics or that the terms of any new transaction will be the same as those reflected in RR Donnelley’s proposal. Courier will have no further comment on RR Donnelley’s proposal until the Board has completed discussions and/or negotiations with RR Donnelley.
January 27, 2015
08:32 EDTCRRCCourier board has not changed recommendation in support of Quad/Graphics merger
08:31 EDTCRRCCourier confirms receipt of unsolicited proposal from R.R. Donnelley
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08:30 EDTCRRCCourier confirms receipt of unsolicited proposal from R.R. Donnelley
08:26 EDTCRRCCourier trading halted, pending news
January 16, 2015
11:03 EDTCRRCCourier downgraded to Neutral from Buy at Sidoti
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08:31 EDTCRRCQuad/Graphics to acquire Courier in deal valued at approx. $260M
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