Global printing giant bids to take over Poligrafia

RRD plans to buy out all the shares and to withdraw Poligrafia from the market and merge with it later on. RRD has put out a call and offered zł.32.6 per share, which is much higher than the average price over the past six months of zł.28. Pligrafia's shareholders are expected to decide on RRD's offer by August 26. If more than 85% shares will be available, then RRD will buy them. The major shareholder of Poligrafia, Baring CEF Investments IV Limited, controlled by Baring Corilius Equity partners (BCEP) has already agreed to sell 56.2% of shares to RRD. "We have positively evaluated RR Donnelley. It is one of the biggest sector companies in the world. Apart from printing, it runs all sorts of related businesses. According to the managment board, RR Donnelley will give Poligrafia a great chance to start developing dynamically " said Jacek Kobyliński, Poligrafia's CEO. (Parkiet, p. 1) J.J.