Monday, June 08, 2009

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.)

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