RR Donnelley Eyes Bankrupt Quebecor World
Facebook
Facebook
Twitter
Twitter
LinkedIn
LinkedIn
Email
Email
0 Comments
Comments
"Having lived through takeover attempts in a prior career, I can say it's very difficult to wiggle out of the net, even when you're posting phenomenal results," Cronin says. "Unless there's an antitrust issue, it will probably be completed, with Donnelley finalizing the deal."
The deal calls for $957 million in cash and 30 million shares of Donnelley's common stock, worth another $394 million, based on its value as of closing value on May 12. The transaction, expected to add to RRD's earnings within 12 months of the combined operations, is not subject to any financing condition and no shareholder approval is required.
0 Comments
View Comments
- Companies:
- Quebecor World
- RR Donnelley
- People:
- Tom Quinlan
Related Content
Comments