Donnelley Makes a Bid for Quebecor
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Commercial printer R.R. Donnelley & Sons has offered to buy competitor Quebecor World's assets and properties for approximately $1.35 billion, Reuters reported this week. The Montreal-based Quebecor is hoping to emerge from bankruptcy protection—which it filed for in January 2008—this summer.
According to the report, Donnelley will pay Quebecor's debtors about $957 million in cash, and 30 million of its shares, valued at approximately $394.2 million. The transaction is not subject to any financing conditions or shareholder approval.
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- Companies:
- Quebecor World Direct
- Places:
- Canada
- Montreal
- United States
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