RR Donnelley announces intent to create three independent publicly traded companies
RR Donnelley & Sons Company has announced that it intends to create three independent, publicly traded companies: first a business focused on financial communications and data services; second a business focused on publishing and retail-centric print services; and the third one business focused on customised multichannel communications management.
Thomas J Quinlan III, RR Donnelley’s president and chief executive officer, said, “Over the last decade, we have strengthened our business portfolio through a combination of organic growth and strategic acquisitions, developing new products and services, inventing fresh ways to serve customers, attracting additional talent and building information technology systems. We see a significant opportunity to unlock value by allowing these three businesses to pursue their own strategies and invest according to the unique dynamics of their respective industries. Each company will have the strategic focus, management resources and capital structure to enable it to strengthen its market position and pursue its growth opportunities, enhancing long-term value for stakeholders.”