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RR Donnelley originally made a proposal to Quebecor World on May 12, 2009 and after preliminary due diligence, the proposal was subsequently modified to respond to feedback from certain Quebecor World creditors and resubmitted on June 2 and June 8 of this year.
"This would have been an excellent fit for RR Donnelley and the best opportunity for the Quebecor World creditors. However, given our view of the Quebecor World operations, a transaction ascribing a higher value to Quebecor World than we offered in our last proposal is simply not in the interests of RR Donnelley," said Mr. Quinlan. "We look forward to continuing to pursue other strategic initiatives."
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- Companies:
- Quebecor World Direct
- RR Donnelley
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