Monday, October 29, 2012

Cenveo Debt Buyback May Foretell Sale

Cenveo Debt Buyback May Augur a Sale: Cenveo Inc. has started buying back its 7.875-percent notes before they mature in 2013 as part of its mission to deleverage the printing and packaging company, which may be headed toward a sale. During Cenveo’s Aug. 9 second-quarter earnings the company’s chairman and CEO, Robert G. Burton  Sr., addressed the potential sale of the company. “We’ll decide if we’re going to sell the company, and by the way, we’ve had people knocking on the door for the last several years,” he told listeners.