Cenveo ups Banta bid

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5 September 2006 — Menasha (WIS): Cenveo has increased its offer to acquire Banta to $47 per share.

Banta’s board of directors turned down Ceveo’s original offer of $46 per share on the grounds that it was "highly conditional and ambiguous".

 

In a letter to Banta’s president and CEO, Stephanie Streeter, Cenveo’s chairman, Sir Robert Burton, outlined his company’s plans to create a print powerhouse by combining the two companies.