Banta Board Rejects Cenveo’s Unsolicited Acquisition Proposal
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Stephanie A. Streeter, Banta Chairman, President and Chief Executive Officer, said, “After a thorough review with our financial and legal advisors, our Board has rejected Cenveo’s proposal. While the Board and management continue to have complete confidence in Banta’s current long-term strategy and believe Banta is well positioned to thrive as an independent company, the Board remains committed to continuing to seek opportunities to further enhance value for all Banta shareholders. Consistent with that commitment and its fiduciary obligations, the Board believes it is an appropriate time to undertake a comprehensive process to identify and study all of the value-creating options available to the Company.”
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