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R.R. Donnelley & Sons (RR Donnelley) to acquire Edgar Online
May 22, 2012 (Datamonitor Financial Deals Tracker via COMTEX) --
R.R. Donnelley & Sons Company, a provider of print and related services, has signed a definitive agreement to acquire EDGAR Online, Inc., a provider of disclosure management services, financial data and enterprise risk analytics software and solutions for both corporate and investment professionals. Both the companies are based in the US.
The deal is valued at approximately $70.5 million, which includes $1.092 per common share, assumption of debt and payment of an amount equal to the redemption price of the preferred shares.
The transaction is expected to close during the third quarter of 2012.
Deal Value (US$ Million) 70.5
Deal Type Acquisition
Sub-Category Majority Acquisition
Deal Status Announced: 2012-05-22
Deal Participants
Target (Company) EDGAR Online, Inc.
Acquirer (Company) R.R. Donnelley & Sons Company
Deal Rationale
This acquisition continues to expand the range of Donnelley's digital offering and further enhances its ability to deliver integrated communications solutions.
The combination will help to drive the development and deployment of EDGAR Online's SaaS-based governance, risk and compliance (GRC) solutions that can help Donnelley meet its clients' growing financial communications needs.
The transaction is a natural fit with Donnelley's portfolio of financial disclosure management services.
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