Moore Breaks Industry M&A Silence
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TORONTO—Who says there aren't any major acquisitions in the commercial printing industry any more?
As a host of industry rollups plod their way through turbulent times, Moore Corp. has thrown down the big-dollar gauntlet. Fresh off a year in which CEO Robert Burton implemented a $100 million cost-savings initiative, a leaner and meaner Moore ushered in the 2002 campaign by announcing it has entered into an agreement to acquire a privately held commercial printer, The Nielsen Co.
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