Bowne & Co. (BNE) Zooms After An Attractive Buyout Offer

Printing services firm RR Donnelley & Sons Co has agreed to acquire Bowne & Co Inc (NYSE: BNE), which helps companies print regulatory filings, for $481 million. RR Donnelley, which prints everything from magazines and catalogs to financial reports and newspaper inserts, has offered $11.50 a share – 65% higher than Bowne & Co.’s (BNE) closing price on Tuesday.

Bowne & Co. (BNE), which started the Wednesday session with a wide gap-up opening following the buyout offer, has already logged highest volumes today till mid-day, over the past 12 months. The same confirms the strength of Bowne & Co. (BNE) on charts.