Approved Vertis, ACG Deal Moving Forward
BALTIMORE—Vertis shareholders have approved the company’s prepackaged plan of organization. Once the plan becomes effective, Vertis can proceed with its merger with American Color Graphics (ACG).
The restructuring will allow Vertis to reduce debt and interest costs, refocus investments and complete both the reorganization and merger in a couple of months, according to Mike DuBose, chairman and CEO of Vertis. The Chapter 11 reorganization is expected to conclude in about 60 days.