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Stock Market & Financial Investment News

News Breaks
August 11, 2014
17:40 EDTRRDR.R. Donnelley to take $15M-$20M charge on unit bankruptcy
R.R. Donnelley disclosed in a filing that on Monday, August 11, R.R. Donnelley Argentina S.A., a subsidiary of RR Donnelley & Sons Company, filed for bankruptcy with the Argentine Court due to untenable business conditions. In conjunction with the bankruptcy of its subsidiary, the company expects to record a one-time charge in the range of $15M to $20M; of which approximately half is expected to be cash. These charges will be excluded from the company's non-GAAP earnings. This development does not change the full-year 2014 Guidance included in the company's press release of July 30, which the company reaffirms.
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