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November 14, 2009

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Printer buying Moore Wallace

Monday, Nov. 10, 2003 | 9:15 a.m.

CHICAGO -- R.R. Donnelley & Sons agreed on Sunday to acquire Moore Wallace for $2.8 billion in stock, creating a printing giant that manufactures everything from magazines like Sports Illustrated and TV Guide to billing and shipping labels for companies like United Parcel Service and J.C. Penney.

The deal is expected to transform Donnelley, which was founded in 1864 when Richard Robert Donnelley, a Canadian, joined up with two Chicago publishers, into a full-service printing and logistics concern. It will combine operations with Moore Wallace of Mississauga, Ontario, which popularized the carbon copy in the early 1900s when it was called Moore. It is now one of the world's largest printers of business forms and labels.

The transaction, described by the companies as a merger of equals, will result in a combined company with more than $8 billion in annual revenue and about 50,000 employees worldwide.

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