On Tuesday, shares of Courier Corporation CRRC are up 18% following a takeover proposal from R.R. Donnelley & Sons Company.
Courier Corporation confirmed that R.R. Donnelley & Sons Company has submitted an unsolicited proposal to acquire Courier Corporation for $23 per share.
Amid the announcement shares of Courier jumped from $19.55 to $23.37.
Shares continue to hold its gains, currently up 19%, trading $23.22.
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