Donnelley Makes a Bid for Quebecor
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"We believe that the proposed transaction set out in this letter is superior for the Quebecor debtors and their creditors to the restructuring proposed by the plans in their current form," Thomas Quinlan, Donnelley's CEO, wrote in a letter to Quebecor management.
Quebecor World's board is currently reviewing the proposal, according to Reuters. The printer still plans to proceed with court hearings in Canada and the United States later this week to consider the approval of its restructuring plan.
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- Companies:
- Quebecor World Direct
- Places:
- Canada
- Montreal
- United States
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