World largest printer ready to buy largest competitor

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The world’s largest printing company, RR Donnelley (2007 sales turnover US$ 9 billion or <SPAN class=WebRupee>Rs.</SPAN>44,518 crore), has submitted a formal indication of interest to acquire all or substantially all of the assets and properties of its bankrupt competitor Quebecor World Inc (2007 sales turnover US$ 7 billion or <SPAN class=WebRupee>Rs.</SPAN>34,625 crore), for close to US$ 1.4 billion. Quebecor has operated under the Canadian bankruptcy protection law since last January, while filing plans to restructure both in Canada and the USA. Quebecor confirmed it is studying the proposal. ...cont´d

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