Donnelley Financial Solutions Debuts as an Independent Company Following Spin-Off From R.R. Donnelley & Sons Company
03 10월 2016 - 8:01PM
Business Wire
Donnelley Financial Solutions, Inc. (NYSE: DFIN) (“the
Company”), a full-service solutions provider for regulatory
compliance, capital markets transactions, shareholder
communications and language localization, today announced that it
has begun operating as a standalone public company following the
completion of its tax-free spin-off from R.R. Donnelley & Sons
Company (NYSE: RRD). Starting today, Donnelley Financial Solutions
will begin “regular-way” trading on the New York Stock Exchange
(“NYSE”) under the ticker symbol “DFIN.”
“As a standalone company, Donnelley Financial Solutions will be
best positioned to help our clients respond to the complex
regulatory environment,” said Daniel N. Leib, Chief Executive
Officer of Donnelley Financial Solutions. “With our deep domain
expertise, suite of innovative technological solutions and history
of service excellence, we remain committed to delivering an
exceptional client experience on our global delivery platform. Our
strong free cash flow and disciplined approach to capital
deployment will allow us to invest appropriately to grow our
business while maintaining a strong financial profile. With the
best employees in the business, I am confident that we will be able
to deliver value for our clients and our shareholders alike.”
Donnelley Financial Solutions helps clients create, securely
store, localize, analyze and disseminate critical business content.
The Company operates in two segments, United States and
International. Within the United States, the Company primarily
serves three sectors: Global Capital Markets, Global Investment
Markets and Language Solutions. With approximately $1.05 billion in
revenues in 2015 and approximately 3,500 employees worldwide,
Donnelley Financial Solutions is positioned to meet the increased
global demand for regulatory compliance and technology services
with its innovative solutions. Led by a proven leadership team with
deep industry expertise, Donnelley Financial Solutions will
continue to execute on its strategic priorities to drive profitable
growth by delivering an exceptional client experience,
industry-leading technology and a globalized platform with a
localized service culture.
“With our 30-year heritage as a trusted partner enabling clients
to comply and communicate with confidence, we are building on our
position of strength,” said Thomas F. Juhase, Chief Operating
Officer of Donnelley Financial Solutions. “Our balanced and
diversified portfolio drives recurring revenues, and we will
continue to enhance our end-to-end solutions to bolster our
leadership in a highly fragmented industry. As we enter our next
chapter as a standalone company, we believe that we are well
positioned to accelerate our growth.”
Since September 21, 2016, Donnelley Financial Solutions shares
have been traded on a “when issued” basis under the symbol
“DFS.WI.” The “when issued” trading of Donnelley Financial
Solutions shares ended at the close of the market Friday, September
30th. Donnelley Financial Solutions currently has approximately
32.4 million shares outstanding.
Donnelley Financial Solutions also announced that its Board of
Directors has set May 18, 2017 as the date for the 2017 Annual
Meeting of Stockholders. Additional information about the time,
place and record date for this meeting will be announced by
Donnelley Financial Solutions in early 2017.
About Donnelley Financial Solutions, Inc.
Donnelley Financial Solutions (NYSE: DFIN) provides software and
services that enable clients to communicate with confidence in
a complex regulatory environment. With 3,500 employees in 61
locations across 18 countries, we provide thousands of clients
globally with innovative tools for content creation,
management and distribution, as well as data analytics and
multi-lingual localization services. Leveraging advanced
technology, deep-domain expertise and 24/7 support, we deliver
cost-effective solutions to meet the evolving needs of our
clients. For more information about Donnelley Financial
Solutions, visit www.dfsco.com.
Forward-Looking Statements
This news release may contain "forward-looking statements"
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and in the U.S. Private Securities
Litigation Reform Act of 1995. Readers are cautioned not to place
undue reliance on these forward-looking statements and any such
forward-looking statements are qualified in their entirety by
reference to the following cautionary statements. All
forward-looking statements speak only as of the date of this news
release and are based on current expectations and involve a number
of assumptions, risks and uncertainties that could cause the actual
results to differ materially from such forward-looking statements.
Readers are strongly encouraged to read the full cautionary
statements contained in Donnelley Financial Solutions’ filings with
the SEC. Donnelley Financial Solutions disclaims any
obligation to update or revise any forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20161003005457/en/
Donnelley Financial Solutions, Inc.Dave Gardella,
312-326-8155Chief Financial Officerdavid.a.gardella@dfsco.com
Donnelley (R.R.) & Sons Co. (NYSE:RRD.WI)
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Donnelley (R.R.) & Sons Co. (NYSE:RRD.WI)
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