R.R. Donnelley agrees to buyout deal with Atlas Holdings, at a 21.5% higher bid price

R.R. Donnelley & Sons Co. RRD, +2.39% announced Thursday that it has accepted a connection from Atlas Holdings LLC for an accrued bid for their pending merger of $10.35 a stock successful cash. That is 21.5% supra the antecedently agreed-upon buyout bid of $8.52 announced past month. The full equity worth of the woody for the concern communications services and selling institution is $856 million. The accrued bid for the comes aft a bidding war betwixt Atlas and shareholder Chatham Asset Management LLC, which originally bid successful October $7.50 a share successful currency to bargain R.R. Donnelley. The company's stock, which fell 0.4% successful day trading, has rocketed 115.4% implicit the past 3 months, portion the S&P 500 SPX, -0.40% has tacked connected 4.3%.