Court Approves Combination of RR Donnelley and Moore Wallace
Press release from the issuing company
CHICAGO, TORONTO and NEW YORK, Feb. 25 -- RR Donnelley and Moore Wallace Incorporated announced today that the Ontario Superior Court of Justice has approved the Plan of Arrangement under which the two companies will be combined. In connection with the approval, the Court determined that the arrangement is fair and reasonable to Moore Wallace securityholders.
The receipt of the final order follows the approval on February 23rd by Moore Wallace securityholders of the plan of arrangement and RR Donnelley stockholders of the issuance of shares of common stock of RR Donnelley as contemplated by the arrangement. The combination will create the world's premier full-service global printer. More than 99% of the votes cast by Moore Wallace securityholders and more than 96% of the votes cast by RR Donnelley stockholders supported the proposals.
The arrangement will become effective upon the issuance of a certificate of arrangement issued by the Director under the Canada Business Corporations Act. The companies expect that the certificate of arrangement will be issued and that the transaction will close on February 27, 2004, subject to satisfaction of closing conditions.
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