Quad Shareholders Approve Issuance in Connection with Acquisition of LSC
SUSSEX, Wis. - February 25, 2019 - Quad/Graphics, Inc. announced that its shareholders voted to approve the issuance of Quad's class A common stock in connection with Quad's previously announced acquisition of LSC Communications, Inc.
Based on the results of the special meeting of Quad's shareholders held on February 22, 2019, approximately 99.7% of the votes cast by the holders of Quad's class A and class B common stock were voted in favor of the share issuance proposal.
In addition, LSC separately announced that its stockholders voted to adopt the agreement and plan of merger pursuant to which Quad will acquire LSC.
“We remain enthusiastic about the value this transaction will create for all clients and shareholders. This business combination will enhance our highly efficient print platform to fuel our Quad 3.0 transformation and strengthen the role of print in a multichannel world,” said Joel Quadracci, Chairman, President & CEO of Quad.
The completion of Quad’s acquisition of LSC remains subject to regulatory approvals and other customary closing conditions. Quad expects to complete the acquisition in mid-2019.
The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly reflect the thoughts or opinions of Printing Impressions.