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LSC Communications, RRD Announce Secondary Stock Offering

RRD intends to offer 6,242,802 shares of the company’s common stock in an underwritten public offering.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

LSC Communications announced that R.R. Donnelley & Sons Company (RRD), a stockholder of the company, intends to offer 6,242,802 shares of the company’s common stock in an underwritten public offering, subject to market conditions. The selling stockholder will receive all of the net proceeds from the sale of these shares.
 
In addition, the company intends to grant the underwriters a 30-day option to purchase up to an additional 936,420 shares of the company’s common stock at the public offering price, less underwriting discounts and commissions. The company intends to use the net proceeds from the sale of any additional shares for general corporate purposes.

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