Donnelley Financial shareholder suggests DFIN go private or merge [Seeking Alpha]
R.R. Donnelley & Sons Company (RRD)
US:NASDAQ Investor Relations:
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Source: Seeking Alpha
Donnelley Financial shareholder suggests DFIN go private or mergeDonnelley Financial Solutions (NYSE:DFIN) shareholder Groveland Capital sends letter to DFIN's board requesting a meeting and "strongly recommending" that the board announce a plan to explore strategic alternatives.Groveland is urging the company to either go private or become a subsidiary of a larger complementary company, "where top and bottom-line growth synergies could be achieved."Groveland says a 7.0-8.0x multiple of projected Non-GAAP 2018 EV/EBITDA would value DFIN at $25-30 per share, a 62-94% premium over the current market price.DFIN closed trading yesterday at $15.55, down 32% since it started trading as an independent company in October 2016 at $22.97.Source:Press ReleasePreviously:Donnelley Financial Solutions beats by $0.09, misses on revenue(May 2)Click to subscribe to real-time analytics on DFINNow read:ECB to debate ending QE next week »
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