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Added delay, uncertainty and cost of legal challenges would have likely eroded a considerable amount of the expected benefits of the merger.
July 23, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
Quad/Graphics, Inc. announced that Quad and LSC Communications, Inc. have mutually agreed to terminate their merger agreement pursuant to which Quad would have acquired LSC. The all-stock transaction was announced on Oct. 31, 2018, and was approved by shareholders of both companies on Feb. 22, 2019. In June, the US Department of Justice sued to block the acquisition, and this month the US District Court for the Northern District of Illinois set a litigation schedule that includes a trial that ...
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