A team of Haynes and Boone, LLP lawyers represented Consolidated Graphics, Inc. a commercial printing company, in its sale to integrated communications provider R.R. Donnelley & Sons Company for $620 million.
The Haynes and Boone deal team was led by Houston Partner Ricardo Garcia-Moreno and included Houston Partners Guy Young, Debra Hatter and Jesse Gelsomini; Dallas Partner Andy Ehmke; and Houston of Counsel John Harper. Houston Associates Salvador Castaneda, Sameer Saxena and Simin Sun also assisted.
Under the terms of the acquisition, Consolidated Graphics shareholders will receive a combination of $34.44 in cash and a fixed ratio of 1.651 R.R. Donnelly shares for each outstanding share of Consolidated Graphics they own. R.R. Donnelley will also assume Consolidated Graphics’ net debt.
The transaction has been approved by both companies’ board of directors but remains subject to customary closing conditions, including approval from the shareholders of Consolidated Graphics. The merger is expected to close in the first quarter of 2014.
