Donnelley Withdraws from Exchange; Extends Contract
CHICAGO—RR Donnelley announced plans to voluntarily withdraw the listing of its common stock from the Chicago Stock Exchange (CHX). Its common stock will continue to be listed on the NASDAQ Global Select Market.
RR Donnelley has decided to withdraw its listing from the Chicago Stock Exchange to streamline operations and eliminate duplicative administrative requirements and costs inherent with dual listings. The withdrawal is expected to be effective within the next month.
The company does not believe that removing its listing from the Chicago Stock Exchange will have any impact on the liquidity of its common stock. The CHX will continue to trade RR Donnelley common stock on an unlisted trading privilege basis.
The printer also announced that it has been awarded a multi-year, multimillion-dollar agreement to provide catalog services to AmeriMark Direct and its Dr Leonard’s Healthcare business. The agreement extends and significantly expands the companies’ relationship.
Under the terms of the agreement, RR Donnelley will provide a comprehensive array of catalog production, co-binding, co-mailing and logistics services. Multiple RR Donnelley facilities will coordinate to deliver gravure and offset production resources, as well as complex logistics capabilities that help to minimize postage costs.
AmeriMark Direct markets, among other things, women’s apparel, shoes, fragrances, jewelry, watches, accessories and health-related merchandise.