Donnelley Losing LBO Suitors?
September 2006
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CHICAGO—RR Donnelley may have priced itself too high to suit several firms that had been vying to acquire North America’s largest printer. Reuters cited a source familiar with the situation as saying talks between the printer and several private equity firms broke down over a disagreement on price.
The source told Reuters that the printer and its suitors “were far enough apart on price that it made it clear that nothing would happen now.”
Donnelley had reportedly garnered the interests of two groups, one of which included Madison Dearborn Partners, Thomas H. Lee Partners and Carlyle Group. A second consisted of Blackstone Group and Texas Pacific Group.
The source told Reuters that the printer and its suitors “were far enough apart on price that it made it clear that nothing would happen now.”
Donnelley had reportedly garnered the interests of two groups, one of which included Madison Dearborn Partners, Thomas H. Lee Partners and Carlyle Group. A second consisted of Blackstone Group and Texas Pacific Group.
Companies Mentioned:
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