Quebecor World said to have rejected Donnelly takeover offer

Based on information it considers reliable from sister publication PrintCan, Masthead has reported that Quebecor World has turned down an unsolicited $1.3 billion bid from a larger U.S. rival, R. R. Donnelly. This may mean that the company is confident enough, as it emerges from bankruptcy protection, to go it alone under a new brand, buttressed by a new agreement with its creditors. (See previous posts for background on this story.)