RR Donnelley Offers to Buy Perelman’s Vericast for $3 Billion

Chatham Asset Management LLC’s RR Donnelley & Sons Co. is offering to acquire Ronald Perelman’s Vericast Corp. for approximately $3 billion, according to people familiar with the matter.

Proceeds from the deal — a non-binding offer and subject to due diligence — would be used to repay all of Vericast’s debt, said the people, who asked not to be named because the matter is private.

The proposed acquisition would leave Vericast’s private equity owner MacAndrews & Forbes Inc., which is controlled by Perelman, with at least $175 million in value roughly split between cash proceeds and forgiveness ...