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RRD.WI Donnelley (R.R.) & Sons Co.

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Share Name Share Symbol Market Type
Donnelley (R.R.) & Sons Co. NYSE:RRD.WI NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

OfficeTiger and RR Donnelley Sign Definitive Merger Agreement; OfficeTiger Management Team and Strong OfficeTiger Brand to Driv

20/03/2006 12:30pm

Business Wire


Donnelley (R.R.) & Sons Co. (NYSE:RRD.WI)
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OfficeTiger and R.R. Donnelley & Sons Company (NYSE: RRD) today announced that the two companies have signed a definitive merger agreement in which RR Donnelley, the world's premier full-service global print provider and business solutions company, will acquire OfficeTiger in an all-cash deal. The transaction brings together OfficeTiger's predominant brand in judgment-based outsourcing solutions with RR Donnelley's existing document-based outsourcing capabilities to create a new global business process outsourcing (BPO) leader. This combined group will bring to bear well over 5,000 professionals across dozens of facilities in the US, UK, Continental Europe and Asia with services spanning research, analytics, accounting, paralegal support as well as RR Donnelley's historic strength in transaction and document processing. As part of RR Donnelley, OfficeTiger will leverage its pool of world-class talent and experienced management team to drive RR Donnelley's strategy to expand in the fast-growing, higher-return BPO segment. OfficeTiger will continue its current operations as an independent business unit of RR Donnelley, maintaining the strong OfficeTiger brand. "We are proud to welcome OfficeTiger to the RR Donnelley family," said Mr. Mark A. Angelson, RR Donnelley's Chief Executive Officer. "The addition of OfficeTiger is a major step forward in our strategy to build a global BPO business. We expect OfficeTiger's superb judgment-dependent services, including financial management, research and analytics, marketing-related offerings and other knowledge-based capabilities to lead our growth in this exciting segment." "This is a good fit and a compelling strategic opportunity for both companies. The transaction reflects our companies' shared vision to drive expansion in the fast-growing BPO segment," said Mr. Randolph Altschuler, OfficeTiger's Co-Chief Executive Officer. "With this combination, our customers will have access to the best talent and resources in the outsourcing industry from across the world, all under one roof. OfficeTiger is going to help build an exceptional provider of white-collar judgment-based professional services. Together, we are an even more formidable competitor in the offshoring industry. As a key strategic division of RR Donnelley, we will continue to be a driving force for our sector and to create new opportunities for our business, our customers and our highly valued employees." "We believe this partnership represents a strong statement on the consolidation of an evolving industry," said Mr. Joseph Sigelman, Co-Chief Executive Officer of OfficeTiger. "As part of a multi-billion dollar institution backed by world-class infrastructure, best practices and support services, OfficeTiger will have enhanced opportunities to realize its full potential for growth. We see the combined OfficeTiger-Astron platform in the BPO space as defining a hybrid onsite-offshore solution that covers the US as well as Europe with a local presence on the ground. We will be adding to OfficeTiger's strength in banking, publishing, legal and corporate customers, Astron's government, credit card and insurance clientele." The transaction is subject to regulatory approval and is expected to close in the second quarter of 2006. About RR Donnelley RR Donnelley (NYSE: RRD) is the world's premier full-service provider of print and related services, including document-based business process outsourcing. Founded more than 140 years ago, the company provides solutions in commercial printing, direct mail, financial printing, print fulfillment, forms and labels, logistics, call centers, transactional print-and-mail, print management, online services, digital photography, color services, and content and database management to customers in the publishing, healthcare, advertising, retail, technology, financial services and many other industries. The largest companies in the world and others rely on RR Donnelley's scale, scope and insight through a comprehensive range of online tools, variable printing services and market-specific solutions. For more information, visit the company's web site at www.rrdonnelley.com. About OfficeTiger Founded in 1999, OfficeTiger is a global professional support services firm offering industry-focused, judgment-based services that support core functions of our clients in real time. One of the largest diversified BPO solution providers, OfficeTiger has four main lines of business including Research & Analytics, Financial Management, Premedia and Legal Services. We create, process and distribute mission-critical information for the world's largest investment banks, diversified financial institutions, legal firms, print and publishing houses, retail chains and Fortune 500 companies. Headquartered in New York City, OfficeTiger has operations throughout the US and in the UK, Germany, India, Sri Lanka and the Philippines. For more information, please visit www.officetiger.com.

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