Donnelley to Buy Moore Wallace for $2.8 Billion

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.

Moore Wallace Chief Executive Mark Angleson would run the combined company. This year R.R. Donnelly’s chairman and CEO, William Davis, said he planned to retire once a successor was found.