R.R. Donnelley Sons & Co., the printer of TV Guide and Sports Illustrated magazines, agreed to buy Moore Wallace Inc., a Canadian-based company that is the largest provider of forms and labels to corporations, for $2.8 billion in stock.
Under the terms of the deal, Moore Wallace shareholders would receive 0.63 share of Chicago-based R.R. Donnelley for each Moore Wallace share held. This values Moore Wallace at $17.66 a share, or $2.8 billion, Donnelley said. R.R. Donnelley also would assume $900 million in Moore Wallace debt.