R.R. Donnelley & Sons Sings deal to Acquire Edgar Online in $38.3 Million
R.R. Donnelley & Sons Company (NASDAQ:RRD) decide to purchase the struggling online financial-report provider EDGAR Online, Inc (NASDAQ:EDGR) in a contract of worth around $38.3 million as the printing corporation continues to develop its stable of digital offerings.
The intended purchase of the company also comprises debt assumption and preferred shares impacts, which brings the total forecasted value of the contract to almost $70.5 million.
Shareholders of Edgar will get $1.092 per share, almost 52% premium to the stock’s Monday ending price of 72 cents per share. Shares of the company last traded near the offer level in July.
The contract, anticipated to done in the Q3, is projected to add to RR Donnelley’s earnings in the initial full year after the agreement closes.
The Services sector Business Services industry element R.R. Donnelley & Sons Company traded at $1.07 by adding 48.61% or 0.34 cent with traded volume of 1.57 million more than the average volume of 60,524 shares.
The company belongs to S&P 500 index and contributes with market capitalization of 1.88 billion. R.R. Donnelley sales were 10.55 billion while its net income was -119.10 million.
RRD has a $5.94 book value per share while the stock has the $2.30 value in cash per share. The company operates with 58000 employees.
Some other stocks that weighed the industry includes Visa Inc (NYSE:V) with price to earnings ratio of 27.15, EDGAR Online Inc with P/E ratio of 0.01 and Western Union Co has PE ratio of 8.82 at 10.38 billion of market capitalization.