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Burton vs. Creo, Burton vs. Cenveo, now Burton vs. Banta: Will History Repeat Itself as the Juggernaut Keeps Rolling?

When you have a system that works,

Wednesday, August 16, 2006

When you have a system that works, keep on using it! Burton vs. Creo, Burton vs. Cenveo, now Burton vs. Banta?

Robert Burton Sr., chairman, president, and CEO of Cenveo, has obviously developed a system that works, and he’s not about to stop using it. In October 2004, just one week after Creo announced a program to reduce costs by about $24 million and to “streamline operations, strengthen the company’s competitive cost position, and provide a strong platform for earnings growth,” a dissident shareholder group comprised of investors including Burton Capital Management, headed by Robert Burton, and Goodwood Inc., launched a very public move to take over Creo.

In January 2005, after several months of saber-rattling and a proxy battle, Kodak arrived on the scene and announced that it would acquire Creo. Share value went from approximately $8.50 to about $15.50 during this period, resulting in a gain of millions of dollars for Burton Capital Management, Goodwood, and Burton himself.


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