Canadian Magazine Industry News
9 June 2009,     MONTREAL
Quebecor World rejects Donnelley offer
R.R. Donnelley’s revised bid to acquire Quebecor World has been turned down by the Montreal-based printer’s board of directors.

A document filed by Quebecor World yesterday with the U.S. bankruptcy court in the southern district of New York states that the QW board decided the company’s reorganization plan offers a “superior recovery” and fewer risks than the Donnelly bid.

Donnelley’s latest proposal was its “highest and best offer.”

Quebecor World expects to emerge from bankruptcy protection by mid-July and its creditors will meet on June 18.
Story Tools
Most Recent News Comment
Jaded says:
Wow, Torstar really seems to be on a mission to bankrupt one magazine after another....
Most Recent Blog Comment
Marty Seto says:
Make Sure you Enter the COPAs this year. We have a FREE Covid-19 News category that is free to enter...
Blogs
Martin Seto Gadget Blog
Martin Seto
Most recent posts:
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:
Norm Lourenco RGD Magazine Media Brandaid
Norm Lourenco RGD
Most recent posts:
Richard Johnson Off the Page
Richard Johnson
Most recent posts:
Special Reports