STAMFORD, CT—In response to an aggregated news item that appeared in the Dec. 20 edition of PI Weekly, Cenveo Chairman and CEO Robert Burton Sr. wanted to clarify the information that was cited. Burton noted that only a portion of his overall holdings were listed.
STAMFORD, CT—Robert Burton Sr., chairman and CEO of Cenveo, has purchased 30,300 shares of the company at an average cost of $3.29 per share, according to Zolmax, which cited a filing with the Securities and Exchange Commission. The total transaction amount was $99,687.
Cenveo CEO Robert Burton, Sr. acquired 30,300 shares of the company’s stock in a transaction that occurred on Thursday, December 5. The stock was purchased at an average cost of $3.29 per share, for a total transaction of $99,687.00. Following the transaction, the CEO now directly owns 3,941,211 shares of the company’s stock, valued at approximately $12,966,584.
Cenveo (NYSE:CVO) last announced its earnings results on Thursday, November 7. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.02.
Catalogers and magazine publishers in 2013 faced many of the same challenges as the prior year of finding the right mix of media to deliver information and build their brands. In addition, economic uncertainty and pending postal increases were thrown into the pot to create a stew of questions.
Cenveo Inc. has executed a letter of intent to sell its Custom Envelope Division (CED) to Ennis Inc., a manufacturer of printed business products and apparel, headquartered in Midlothian, TX, for approximately $47.25 million in cash and the assumption of certain trade liabilities. In other Cenveo news, Robert Burton Jr. and Dr. Susan Herbst have been appointed to the company's board of directors.
Ennis Inc. has closed the agreement to acquire the assets of the Custom Envelope Group from Cenveo Corp. "The expansion of our envelope production and imprinting into the eastern United States gives us broader geographic reach to serve our customer base with this product," said Keith Walters, chairman, CEO and president of Ennis Inc.
STAMFORD, CT—Cenveo Inc. announced that it has executed a letter of intent to sell its Custom Envelope Division (CED) to Ennis Inc., a manufacturer of printed business products and apparel, headquartered in Midlothian, TX, for approximately $47.25 million in cash and the assumption of certain trade liabilities. The closing, which is expected to be on or before Sept. 27, is subject to the completion of normal due diligence procedures and the consummation of a definitive purchase agreement between the two parties.
Robert G. Burton, Jr., president, and Dr. Susan Herbst, an esteemed scholarly writer, and author of numerous books, textbooks, journal articles and conference papers, have been appointed to Cenveo's board of directors.
Cenveo Inc. has executed a letter of intent to sell its Custom Envelope Division to Ennis Inc., for approximately $47.25 million in cash and the assumption of certain trade liabilities. "This divestiture allows Cenveo to focus on our direct and office product envelope businesses, our integration of National Envelope and our other core operations," stated Cenveo Chairman and CEO Robert G. Burton Sr.
STAMFORD, CT—Cenveo has reported that the U.S. Bankruptcy Court for the District of Delaware approved the sale of National Envelope’s assets to Cenveo. In conjunction with Hilco Receivables (acquiring substantially all the accounts receivable) and Southern Paper (purchasing the inventory), Cenveo will acquire substantially all of the assets of National Envelope.