R.R. Donnelley buying Edgar Online for $39M

May 22, 2012

CHICAGO (AP) — Printing company R.R. Donnelley & Sons Co. said Tuesday that it will buy financial data company Edgar Online Inc. for about $38.6 million, adding to its digital products.

The acquisition values Edgar at $1.092 per share. Including the company's debt and a payment equal to the redemption price of its preferred shares, R.R. Donnelley said the deal is worth $70.5 million.

At the end of March, Edgar said it had $1 million in long-term debt and $3.2 million of cash and cash equivalents on hand. Edgar said it had $11 million in total liabilities at the end of the first quarter.

R.R. Donnelley's services include printing labels and online marketing tools. Edgar's website lets customers search, download and skim regulatory documents filed with U.S. Securities and Exchange Commission. Edgar has provided services to R.R. Donnelley's financial services unit since 2008.

R.R. Donnelley said it expects the deal to close in the third quarter. Edgar shareholders still need to approve the deal, as do regulators.

If it goes through, the acquisition should start adding to R.R. Donnelley's profits in 2013, the company said.

Shares of R.R. Donnelley fell 12 cents, or 1 percent, to close at $10.30. Edgar stock surged 36 cents, or 50 percent, to close at $1.08.