RR Donnelley proposal to acquire Quebecor World expired

• DecreaseIncrease

RR Donnelley & Sons Company (NYSE: RRD) announced that its proposal to acquire substantially all of the assets and assume certain liabilities of Quebecor World has expired. “We are disappointed by the decision of Quebecor World to reject our June 8 proposal,” said Thomas J Quinlan III, RR Donnelley’s President and Chief Executive Officer. “We believe that our proposal was undoubtedly in the best interests of creditors based on a comparison of the distributions under our proposal with the distributions under the proposed stand-alone plan of reorganization. We are particularly disappointed because of the efforts and concessions made by us to adapt our proposal in response to concerns that were communicated to us.” ...cont´d

• DecreaseIncrease