Quad's Joel Quadracci on Walking Away from LSC Deal and What DOJ Got Wrong

Joel Quadracci said he expected the U.S. Department of Justice to take a close look at his company’s proposed acquisition of Chicago-based LSC Communications. After all, the combination of the two largest players in any industry is going to draw regulatory scrutiny.

“We really didn’t expect how they would look at it in the way that they did because it is a very narrow view of a very dynamic industry,” said Quadracci, chairman, president and chief executive officer of Sussex-based Quad/Graphics Inc. “They really looked at it in a very tight window of print products but also very tightly defined in those print products.”