R.R. Donnelley & Sons Company (NYSE:RRD) announced today the pricing of its offering of $400 million of 11.25% Notes due February 1, 2019. RR Donnelley intends to use the net proceeds from the debt neutral transaction to pay down short-term debt.
UPM has sold its former paper mill and related assets in Miramichi, New Brunswick, Canada, to Umoe Solar AS of Norway.
At Siegwerk, one of the leading ink suppliers worldwide, Dan McDowell has taken over his new position as member of the Siegwerk Board of Management responsible for Global Purchasing, Global Supply Chain Management Development and Information Technology.
Johnson & Johnson (NYSE:JNJ) today announced that all applicable foreign antitrust and similar regulatory clearances required for its cash tender offer to purchase all outstanding shares of common stock of Mentor Corporation (NYSE:MNT) were obtained, or the relevant waiting periods for clearance have expired.
Main Focus is Servicing Customers and Strategic Developments
— Eliminating approximately 370 positions or 8% of global workforce — Implementing reduced work schedules for another 100 to 300 employees — Freezing executive salaries in 2009 — Expect annualized pre-tax savings of approximately $40 million
USA TODAY announces that Reporter Donna Leinwand becomes president of the National Press Club today, January 16, 2009.
