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RRD

R.R. Donnelley

$47.16

0.39 (0.83%)

, DFIN

Donnelley Financial Solutions

07:01
10/03/16
10/03
07:01
10/03/16
07:01

R.R. Donnelley completes separation plan

R.R. Donnelley & Sons Company (RRD) announced the completion of its previously announced tax-free spin-offs of its publishing and retail-centric print services and office products business, LSC Communications, Inc. (LKSD), and its financial communications and data service business, Donnelley Financial Solutions, Inc. (DFIN). RR Donnelley will continue to be listed on the New York Stock Exchange under the ticker symbol "RRD," as announced on August 9, 2016. "The completion of these spin-offs is a significant milestone for RR Donnelley," said Thomas J. Quinlan III, formerly the President and CEO of RR Donnelley, who will now serve as LSC's Chairman and CEO. "With this transaction, we have created three focused companies, which we believe are positioned to pursue their own growth strategies with tailored capital structures to better finance each business's strategic plan." With the spin-offs complete, RR Donnelley is now an approximately $7 billion global multichannel marketing and business communications solutions provider with 42,000 employees across 28 countries. The Company will operate in three segments: Variable Print, Strategic Services and International. RR Donnelley will provide local service and responsiveness through strategically located operations, while leveraging the economic, geographic and technological advantages of a global organization. The Company will continue to serve its more than 52,000 customers in virtually every private and public sector by providing integrated and cost-effective solutions that span the full breadth of the communications life-cycle and enable customers to engage audiences, build brand awareness, reduce costs and drive revenues. connection with the closing of the spin-off transactions and as announced on September 14, 2016, RR Donnelley distributed 80.75% of Donnelley Financial and LSC, respectively. Each RR Donnelley shareholder of record as of the close of business on September 23, 2016, the record date for the distribution, received on the distribution date one share of LSC common stock and one share of Donnelley Financial common stock for every eight shares of RR Donnelley common stock held as of the record date. No fractional shares will be issued in the distribution. RR Donnelley shareholders will receive cash in lieu of fractional shares. The 1 for 3 reverse stock split for RR Donnelley, which was previously approved by RR Donnelley's Board of Directors and shareholders, became effective immediately following the distributions on October 1, 2016. No fractional shares of RR Donnelley common stock will be issued to RR Donnelley shareholders in connection with the reverse stock split. RR Donnelley shareholders will receive cash in lieu of fractional shares.

RRD

R.R. Donnelley

$47.16

0.39 (0.83%)

DFIN

Donnelley Financial Solutions

LKSD

LSC Communications

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BMS

Bemis

$44.90

-0.28 (-0.62%)

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ATUS

Altice USA

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BlackBerry

$11.06

0.41 (3.85%)

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Finish Line

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0.23 (1.84%)

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  • 23

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NBRV

Nabriva Therapeutics

$10.50

1.19 (12.78%)

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  • 06

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WIX

Wix.com

$72.80

0.5 (0.69%)

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  • 28

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OCLR

Oclaro

$9.44

-0.1 (-1.05%)

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  • 22

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ACIA

Acacia Communications

$41.64

0.65 (1.59%)

20:19
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  • 22

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LITE

Lumentum

$62.45

-0.05 (-0.08%)

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  • 22

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LEJU

Leju

$2.46

0.07 (2.93%)

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GCP

GCP Applied Technologies

$30.40

0.3 (1.00%)

20:04
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PHM

PulteGroup

$24.04

-0.24 (-0.99%)

19:58
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Initiation
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DHI

D.R. Horton

$33.47

-0.5 (-1.47%)

19:58
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CAA

CalAtlantic

$34.80

-0.34 (-0.97%)

19:57
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BZH

Beazer Homes

$13.01

0.03 (0.23%)

19:57
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Initiation
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MTH

Meritage Homes

$40.40

-0.4 (-0.98%)

19:57
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Initiation
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TOL

Toll Brothers

19:57
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Initiation
Toll Brothers initiated at Credit Suisse »

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LEN

Lennar

$52.41

-0.84 (-1.58%)

19:57
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Initiation
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KBH

KB Home

$22.23

-0.1 (-0.45%)

19:57
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Initiation
KB Home initiated at Credit Suisse »

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  • 27

    Jun

MHK

Mohawk

$242.70

-0.22 (-0.09%)

19:27
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Mohawk initiated at Credit Suisse »

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FBHS

Fortune Brands

$65.09

0.06 (0.09%)

19:27
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Fortune Brands initiated at Credit Suisse »

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JELD

JELD-WEN Holding

$34.60

-0.29 (-0.83%)

19:26
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Initiation
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IBP

Installed Building Products

$52.75

-1 (-1.86%)

19:26
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Initiation
Installed Building Products initiated at Credit Suisse »

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OC

Owens Corning

$66.42

-0.85 (-1.26%)

19:26
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Initiation
Owens Corning initiated at Credit Suisse »

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WHR

Whirlpool

$195.16

1.35 (0.70%)

19:26
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Initiation
Whirlpool initiated at Credit Suisse »

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MAS

Masco

$38.82

0.06 (0.15%)

19:26
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Masco initiated at Credit Suisse »

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