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August 16, 1996


By CBR Staff Writer

Donnelley Enterprise Solutions Inc, until now a subsidiary of R R Donnelley & Sons Co, filed to offer 5.2m shares, 3.18m of them new in an initial public offering, but did not give a target price range. The provider integrated information management services to professional service organisations, primarily large law firms, investment banks and accounting firms will have 10m shares out after the flotation and wants proceeds to make a final payment of about $8.7m for obligations arising from its LAN Systems Inc acquisition, repay $8.0m principal amount of, and interest on, a dividend note and advances owed to R R Donnelley & Sons, which totaled $17.7m as of June 30 and for working capital. The lead underwriter is Salomon Brothers Inc.

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