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Investing.com – RR Donnelley & Sons stock traded nearly 1% lower a day after the company disclosed an intrusion into its technical systems.
The company said it is not aware of any compromise of client data and has engaged a cybersecurity expert to examine the incident and oversee the implementation of remedial actions.
The company said it promptly implemented a series of containment measures to address this situation including shutting down its servers. It has also initiated a forensic investigation.
RR Donnelley & Sons Co (NYSE:RRD) said it is in early stages of an investigation and assessment of the security event and cannot determine at this time the extent of the material adverse impact, if any.
The stock slipped to a low of $10.61 while getting support from its $2.3 billion transaction with Chatham Asset Management. Affiliates of the private investment firm are acquiring the business communications and marketing services company at $10.85 apiece.
According to a December 14 release, the Chatham deal is expected to close in the first half of 2022.
