LSC Communications has voluntarily filed Chapter 11 bankruptcy, but will continue to operate with debtor-in-possession financing.
Shareholder Sententia seeks to replace the board at LSC Communications with its own directors, and wants a special shareholder meeting.
Quad’s book printing business includes manufacturing operations in Kentucky, Pennsylvania and West Virginia, employing 1,350 workers.
It includes a 50,000-sq.-ft. addition, a new eight-color, 41˝ Heidelberg Speedmaster XL 106 UV perfector, and a Kolbus perfect binder.
Quad and LSC decided that the added delay, uncertainty, and legal costs would have eroded many of the expected benefits of the merger.
The DOJ appears very adamant about its opposition to the proposed merger of the two companies.
CJK Group will make Thomson-Shore’s Dexter, Mich., production facility a warehouse and offered jobs to roughly formerly 100 workers.
Less than half of the existing workforce will be rehired should CJK Group ultimately acquire Thomson-Shore’s assets.
Quad/Graphics is acquiring LSC Communications for $1.4 billion in stock to create an $8.1 billion, publicly-held printing company.
Rochester, N.Y.-based Mercury will take delivery of the first Landa S10P nanographic digital printing press in the U.S. on Nov. 10.
Part of CJK Group company Sheridan, they’ll operate as Sheridan Publishing Grand Rapids and Sheridan Specialty Binding, respectively.
Marquis Book Printing, of Montmagny, Canada, has acquired Toronto-based Webcom, creating a (C)$100+ million in sales book printer.
Cenveo was able to wipe away more than $800 million in debt, largely at the expense of its shareholders and other unsecured creditors.
The ITC ruling ends these imported newsprint tariffs. Funds collected to date will be reversed over a period of three to six months.
The U.S. Department of Commerce slightly lowered tariffs on imported Canadian newsprint from a maximum 32%, to a maximum 20.26% duty.