Judge Delays Quad-LSC Merger
That could delay the deal’s closing until next year, months after the “mid-2019” date the companies’ leaders projected when they announced the deal on October 31, 2018. And it apparently means Quad will have to pay a $45 million “reverse termination fee” to LSC regardless of whether the deal is consummated.
Last week, Judge Charles R. Nagle set the trial date for November 14. It might actually start even later.