Banta Firmly Rejects $1.1 Billion Cenveo Buyout Offer
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Banta Corp., one of the leading book and magazine printers in the world, is not for sale, company representatives said this week.
The Wisconsin-based provider of printing services announced its firm stance Wednesday afternoon after receiving an reportedly unsolicited offer of $1.1 billion from rival Cenveo Inc. According to a story published in the Milwaukee Journal Sentinel, Cenveo, a Stamford, Conn.-based company known for its envelopes, labels and packaging products, disclosed it had offered $46 per share in cash for an outright buyout of Banta.
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