Quebecor World Continues to Flounder

MONTREAL—With its stock valued below 50 cents per share and banking lenders breathing down its neck, Quebecor World is teetering on the brink of bankruptcy as it fights to strengthen one patch in its leaking dike.

The embattled printer has been given until 9 a.m. on January 20 to iron out conditions of the C$400 million rescue financing agreement reached with parent company Quebecor Inc. and Tricap Partners. The deadline had been set to expire January 16.