RRD - R.R. Donnelley shares jump as Chatham increases the acquisition offer to $9.00-9.50 per share

A private investment firm, Chatham Asset Management, LLC that beneficially own approximately 14.9% of the outstanding common stock of R.R. Donnelley & Sons Company (NYSE:RRD) has enhanced its previous takeover offer of $7.50/share to $9.00-9.50 per share in cash. The chairman wrote in the offer letter "We now have learned, through a leaked story to the Wall Street Journal, that RRD is prepared to announce a definitive agreement with Atlas Holdings later this morning, whereby Atlas will acquire RRD's outstanding stock for $8.50 per share." He asks RRD board to evaluate the offer. Shares up 30% premarket. Yesterday, R. R. Donelley & Sons surges as Chatham makes $7.50/share offer

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R.R. Donnelley shares jump as Chatham increases the acquisition offer to $9.00-9.50 per share