Canadian Magazine Industry News
13 May 2009,     MONTREAL
R.R. Donnelly proposes US$1.3 billion Quebecor World takeover
[This story has been updated.]

Chicago-based printer R.R. Donnelley has offered to buy all the assets and properties of Quebecor World, the company announced late Tuesday. R.R. Donnelly said it would offer Quebecor World’s creditors US$957 in cash, and 30 million common shares, valued at about US$394 million. Update via Folio: Quebecor World says it has received the letter and that its board of directors is reviewing the proposal with major stakeholders.

In a statement, R.R. Donnelly said it believes its takeover bid is a better offer to Quebecor World creditors than the company’s own restructuring plan, and that it would greatly extend its reach in the Canadian market.

— Michelle DiPardo
Story Tools
Most Recent News Comment
Joe Glionna says:
Thank you for proving you don’t belong in my organization. Anyone can be an anonymous asshole. Cou...
Most Recent Blog Comment
Jim A. says:
I also purchased an Android tv box just a short while ago, with the intent of cancelling or, at the ...
Scott Bullock Covers Sell
Scott Bullock
Most recent posts:
Industry Guest Blogger Words of Inspiration
Industry Guest Blogger
Most recent posts:
Dennis Kelly 57 Media Spikes
Dennis Kelly
Most recent posts:
Martin Seto Gadget Blog
Martin Seto
Most recent posts:
Norm Lourenco RGD Magazine Media Brandaid
Norm Lourenco RGD
Most recent posts:
Richard Johnson Off the Page
Richard Johnson
Most recent posts:
Special Reports
Upcoming Industry Events
Masthead Web Edition Archives
More Archives