DATA Communications Management Corp. Announces Receipt of No-Action Letter from Canadian Competition Bureau
March 29 2023 - 8:19AM
Business Wire
DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF)
(“DCM” or the "Company"), a leading provider of marketing and
business communication solutions, today announced that it has
received a “no-action letter” from the Canadian Competition Bureau,
confirming that the Commissioner of Competition does not intend to
challenge DCM’s acquisition of the Canadian operations of R.R.
Donnelley & Sons Company.
The receipt of the “no-action letter” satisfies one of the
conditions necessary for completion of this transaction. The
transaction is expected to close in the second quarter of 2023,
subject to the satisfaction of other customary closing
conditions.
Additional information about the transaction can be found in the
investor relations section of DCM’s website, and in the Material
Change Report filed by the Company dated March 3, 2023 and
available on www.sedar.com.
ABOUT DATA COMMUNICATIONS MANAGEMENT CORP. DCM is a
marketing and business communications partner that helps companies
simplify the complex ways they communicate and operate, so they can
accomplish more with fewer steps and less effort. For more than 60
years, DCM has been serving major brands in vertical markets
including financial services, retail, healthcare, energy, other
regulated industries, and the public sector. We integrate
seamlessly into our clients’ businesses thanks to our deep
understanding of their needs, transformative tech-enabled
solutions, and end-to-end service offerings. Whether we’re running
technology platforms, sending marketing messages, or managing print
workflows, our goal is to make everything surprisingly simple.
Additional information relating to DATA Communications
Management Corp. is available on www.datacm.com, and in the
disclosure documents filed by DATA Communications Management Corp.
on the System for Electronic Document Analysis and Retrieval
(SEDAR) at www.sedar.com.
FORWARD-LOOKING STATEMENTS This release and associated
material change report contain "forward-looking statements."
Forward-looking statements can be identified by words such as:
"may," "should," “intend” and "will" and similar references to
future periods. Examples of forward-looking statements include,
among others, statements regarding the ability of the combined
company to realize anticipated benefits from the combination of DCM
and RRD Canada; and the ability of DCM to complete the proposed
sales and leasebacks of certain properties.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
our current beliefs, expectations, and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Our actual results and financial
condition may differ materially from those indicated in the
forward-looking statements. Therefore, you should not rely on any
of these forward-looking statements. Important factors that could
cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, the following: financial and economic
conditions, changes in customer demands and our success in
integrating RRD Canada.
Any forward-looking statement made by us in this release is
based only on information currently available to us and speaks only
as of the date on which it is made. Except as required by
applicable securities laws, we undertake no obligation to publicly
update any forward-looking statement, whether written or oral, that
may be made from time to time, whether as a result of new
information, future developments or otherwise.
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Mr. Richard Kellam President & Chief Executive Officer DATA
Communications Management Corp. (905) 791-3151
Mr. James E. Lorimer Chief Financial Officer DATA Communications
Management Corp. (905) 791-3151 ir@datacm.com
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