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Quebecor World Exits Bankruptcy Protection

August 2009
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Once RRD folded its hand, the U.S. government appeared to be the biggest stumbling block toward court approval. Uncle Sam claimed the restructuring plan allowed the printer to skirt $10 million in unpaid corporate taxes and another $150 million in fines stemming from environmental violations.

Ironically, the man responsible for spearheading much of Donnelley’s M&A growth, will be contributing toward the rebirth of the former Quebecor World. Ex-RRD CEO Mark Angelson is the new chairman and will be joined by a number of prominent printing and publishing figures: Tom Ryder, former chairman and CEO of Reader’s Digest; Jack Kliger, past president and CEO of Hachette Filipacchi; and Michael Allen. Mallette is expected to be the only returning board member.


 

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