Initial Thoughts on RRD-QW Shotgun Marriage Proposal

I nearly choked on my Coke this morning when the news came down that RR Donnelley (RRD) had made a pretty straightforward offer of $1.35 billion in cash and stock to acquire Quebecor World (QW). Here are my initial thoughts which, in this age of instant information, may change with the revelation of more facts. In other words, my good people, I reserve the right to backpedal off whatever's written here and replace this blog with the latest adventures of Marmaduke. For brevity's sake, I will use obvious acronyms.