ARC Document Solutions, Inc. (NYSE:ARC) has announced it has signed a definitive agreement with an acquisition group to merge with and into TechPrint Merger Sub, Inc., a wholly owned subsidiary of TechPrint Holdings, LLC, and each outstanding share of common stock of the company will be converted into the right to receive cash consideration of US$3.40 per share the acquisition group currently collectively owns approximately 15.8% of the voting power of the company’s outstanding capital stock, and currently collectively beneficially owns approximately 19.6% of the shares of its stock. The merger consideration represents an approximately 28.8% premium to the company’s closing stock price on the last trading day prior to the public announcement of a proposal to acquire the company. The merger agreement and the transaction have been approved by the company’s Board of Directors, based on the recommendation of a Special Committee of the Board consisting solely of independent directors.

Latham & Watkins LLP represented William Blair & Co., the financial advisor to the Special Committee of the Board of Directors of Arc Document Solutions, Inc., in the transaction, with a corporate team led by Century City partner Steven Stokdyk, with associate Beini Chen.*