RR Donnelley Eyes Bankrupt Quebecor World
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"Creditors are likely to get their money much sooner if they go with the Donnelley offer," DeWese notes. "The offer is a little less than 25 percent of sales. That's not a lot of money to pay for sales. Nowadays, companies go for 50 percent of sales, and I've seen years when it's been 75 percent."
In his letter to Quebecor World, Quinlan said he believes the $1.35 billion offer is superior to the restructuring proposal set forth in the First Amended Plan of Reorganization. In that letter, Quinlan also revealed that Donnelley had made an offer to purchase the company in August 2008, but did not receive a response.
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- Companies:
- Quebecor World
- RR Donnelley
- People:
- Tom Quinlan
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