High net-worth people, retirement plans, and trusts are served by Chatham Wealth Management, an SEC-registered investment advisor with offices in Chatham, New Jersey. Since 1978, the Firm and its forerunners have been in operation. With an average of more than 30 years of investment management expertise, our portfolio managers are committed to achieving the individual goals of every client.
In their most recent SEC filings, Chatham Asset Management Portfolio, LLC reported 1 total holding. The estimated value of the most current portfolio is $4,055,000 USD. This valuation plus cash is known as actual assets under management (AUM) (which is not disclosed). FAST Acquisition Corp. is the largest stake of Chatham Asset Management, LLC. Rayonier Advanced Materials Inc. (US: RYAM) and Class A Common Stock (US: FST.WS) each have warrants that can be fully exercised for one share of each company. The top categories for Chatham Asset Management, LLC are "Printing, Publishing, And Allied Industries" (sic 27).
Latest Happenings At Chatham Asset Management You Should Know
Chatham Asset Management Acquired RRD
The largest privately owned investment firm Chatham Asset Management, LLC ("Chatham") and R.R. Donnelley & Sons Company ("RRD" or the "Company") today declared the completion of a deal in which affiliates of Chatham procured RRD for $10.85 in cash for every share. In a special meeting of stakeholders dated February 23, 2022, RRD shareholders approved the acquisition, which had earlier been disclosed on December 14, 2021.
RRD anticipates that after the transaction is finished, its common shares will no longer be traded on the New York Stock Exchange on February 28, 2022, before the market opens. As a result of the transaction's conclusion, Thomas J. Quinlan is now RRD's President and Chief Executive Officer.
Thomas Quinlan, president, and chief executive officer of RRD, said, "We are pleased about the next chapter in RRD's history, and I am individually delighted to be heading the Company yet again. "Most importantly, I want to express my gratitude to the staff at RRD, whose commitment and labor have fueled the business' growth and momentum. Together with Chatham, we anticipate that we'll continue to fulfill our client's changing needs while maintaining our position as the global leader in marketing and business communications.
Mr. Quinlan is an experienced executive with considerable expertise in managing and expanding manufacturing and service businesses that cater to other businesses. Previously trained as President and CEO of RRD from 2007 to 2016 and Chairman, President, and CEO of LSC Communications from 2016 to 2020 after its spin-off from the Company, he has extensive knowledge of RRD as well as the print and digital marketing and company communications sectors.
"We are glad to have completed the purchase of RRD and to have begun our official partnership with the Firm. Evan Ratner, a partner, and asset manager at Chatham, said: "We anticipate the opportunity to collaborate with Tom and his outstanding team and are hopeful about what lies ahead for RRD.
RRD is a top global supplier of services and products for multichannel business communications and marketing. RRD, which has 25,000 clients and 32,000 people working in 28 countries, has the most complete portfolio of solutions on the market to assist businesses from Main Street to Wall Street in maximizing customer engagement and streamlining daily operations throughout the whole customer journey. Organizations all over the world are able to develop, manage, deliver, and optimize their marketing and business communications strategies thanks to RRD's extensive array of capabilities, experience, and scale.
Hedge Fund Chatham Asset Management Enquires To RYAM Board About Debt Maturity Concerns
Hedge fund firm Chatham Asset Management (Chatham), which is an important shareholder of the Company and handles funds that valuably own nearly 6.3% of the issued and outstanding of Rayonier Advanced Materials (RYAM), has written to the individual members of the Board of Directors of the Company raising concerns that management is not moving quickly enough to help tackle the Company's forthcoming debt maturities. This week, Chatham presented RYAM management with a suggested term sheet outlining a potential exchange proposal of the Company's 5.50 percent common shares due June 1, 2024 (the 2024 Notes) into new five-year notes and repurchases of a component of 2024 Notes that Chatham possesses in light of increasing interest rates.
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