R.R. Donnelley & Sons Co., Chicago, has been given the go-ahead by its board of directors to acquire up to $300 million of its outstanding common stock. The stock would have to be repurchased by Dec. 31, 2006.
The company also announced that it plans to divest its Peak Technologies bar code data collection business. R.R. Donnelley acquired Peak in February when Donnelley merged with Moore Wallace Inc. Donnelley did not announce a specific plan for Peak.
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