R. R. Donnelley & Sons Co. (RRD: Quote) and EDGAR Online (EDGR: Quote) jointly announced that they have signed a definitive agreement pursuant to which RR Donnelley will acquire EDGAR Online. The deal is worth about $70.5 million, which includes $1.092 per common share, assumption of debt and payment of an amount equal to the redemption price of the preferred shares.
The acquisition is projected to be accretive to RR Donnelley's earnings in the first full year after the closing of the transaction and is subject to customary closing conditions, including regulatory approval and approval of EDGAR Online shareholders.
The deal is expected to close during the third quarter of 2012.
"This acquisition continues to expand the range of our digital offering and further enhances our ability to deliver integrated communications solutions," said Thomas Quinlan, RR Donnelley's President and Chief Executive Officer. "In every segment that we serve we provide a full set of resources for creating, managing, producing, distributing and even monetizing content."
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by RTT Staff Writer
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