Custom communications services developer R. R. Donnelley & Sons Co. has signed a definitive agreement to acquire Edgar Online, a financial data, analytics and disclosure management services provider, for approximately $70.5 million.

The transaction includes $1.092 per common share, assumption of debt, and payment of an amount equal to the redemption price of the preferred shares. The deal is expected to close during the third quarter of 2012.

Edgar Online has provided Extensible Business Reporting Language services to RR Donnelley’s Financial Services offering since 2008 and the acquisition is largely geared towards serving increased demand for XBRL services, according to Tom Juhase, president of RR Donnelley’s Financial Services offering.

“This is a natural fit with our growing portfolio of financial disclosure management services and a superb match for our clients’ needs for end-to-end solutions,” said Juhase. “Our long working relationship with Edgar Online gives us immense confidence in their platform, people and processes. We are seeing significant demand for XBRL services this year as all public companies soon will need to comply with the SEC’s detailed tagging requirements With Edgar Online we are able to further assist our clients with the creation of key documents and provide investors innovative analytical tools that support even better-informed decision making.”

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