R.R. Donnelley & Sons Co. (RRD:US), the Chicago-based commercial-printing company, agreed to buy Edgar Online Inc. (EDGR:US) in a $70.5 million deal, gaining a website that lets investors view regulatory filings.
The transaction is slated to close in the third quarter, Donnelley said today in a statement. The company expects Edgar Online to begin adding to earnings in the first year after the acquisition is completed.
“This is a natural fit with our growing portfolio of financial disclosure management services,” Tom Juhase, president of Donnelley’s financial services, said in the statement.
Edgar Online posts financial data and disclosure statements for thousands of customers, including mutual funds, analysts, institutional investors and regulators. The company already works with Donnelley to deliver information, as well as Business Wire, PR Newswire, LexisNexis, Nasdaq OMX Group Inc. (NDAQ:US), Oracle Corp. (ORCL:US) and SAP Corp. (SAPE:US)
Shares of Edgar Online, based in Rockville, Maryland, jumped 50 percent to $1.08 at the close in New York. Donnelley declined 1.2 percent to $10.30.
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