Press Release: Quad/Graphics to Acquire Courier Corporation as Part of Strategy to Transform Book Platform
Transaction to Maximize Value for Courier and Quad/Graphics Shareholders While Creating Opportunities for Customers and Employees
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The transaction has been approved by both companies' boards of directors and is subject to customary closing conditions, including regulatory approval and approval by Courier's shareholders. Quad/Graphics expects the acquisition to close by mid-year, be accretive to earnings in 2016, and that the purchase price multiple will be less than five times Adjusted EBITDA after taking into account anticipated synergies. Upon closing of the transaction, James F. Conway III will join Quad/Graphics as President of the Book Division.
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