CGX Decides to Stay the Course

HOUSTON—For the time being, the potential sale of the commercial printing industry’s leading consolidator will have to wait for another day. Consolidated Graphics (CGX) is not going to be sold.

After kicking around options to enhance shareholder value during a strategic review, the CGX board concluded that the best current choice is to stay the course with its current plan, as well as embark on a share repurchase program. The repurchase program calls for an investment of up to $68.3 million in issued and outstanding common shares.