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Cenveo Uses Direct Mail to Remind Banta of Offer

Friday, October 20, 2006

Press release from the issuing company

STAMFORD, Conn., Oct. 19 -- Cenveo, Inc. today announced that it sent the following letter to Banta Corporation: October 19, 2006 Ms. Stephanie A. Streeter Chairman, President and Chief Executive Officer Banta Corporation 225 Main Street Menasha, WI 54952-2003 Dear Ms. Streeter: It has been more than two weeks since we submitted our proposal to acquire Banta for $50 per share (or $34 per share if the acquisition is completed after the record date for your "special" dividend). In twelve days, on October 31, 2006, our proposal to acquire Banta will expire. I do not plan to blink and increase our proposal. The only reason I can think of for your delay in responding to our proposal is that your advisors are still looking for another party to pay a higher price. The fact of the matter is that Banta has had over two months to determine whether any third parties will pay more than Cenveo. As you know, the potential list of parties willing to purchase Banta is extremely limited. Cenveo will not be a back-stop bidder to any other persons who may propose to acquire Banta. I have already spelled out all the reasons why these two companies should be together. We believe that the Banta/Cenveo printing platform would be a major success and clearly in the best interest of both companies' shareholders. As CEOs, we make many decisions every single day. In our business career we will make one or two decisions that actually change the direction of our company and impact all of our employees. During these critical times when major decisions are made, I always remember an old quote "The world hates change, yet it is the only thing that has brought progress." We hope that you accept our proposal. As always, we are willing and ready to meet with you to discuss any questions you might have. Thank you. Sincerely, CENVEO, INC. By: /s/ Robert G. Burton, Sr. Robert G. Burton, Sr. Chairman and CEO cc: Jameson Adkins Baxter John F. Bergstrom Henry T. DeNero David T. Gibbons Janel S. Haugarth Pamela J. Moret Paul C. Reyelts Ray C. Richelsen Michael J. Winkler

 

 

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