Vertis Communications and American Color Graphics Extend Letter of Intent to Merge
Thursday, August 16, 2007
BALTIMORE--Aug. 15, 2007-- Vertis Communications ("Vertis") and American Color Graphics ("ACG") today announced that they have agreed to extend until August 20, 2007, the time for signing the definitive merger agreement. After August 20, 2007 the letter of intent will automatically extend for a period of one week unless either party provides written notice that it will not extend prior to the start of each extension period.
The two companies announced the signing of a letter of intent to merge on July 23, 2007 and are in the process of due diligence.
Mike DuBose, chairman and CEO of Vertis, said, "We remain committed to this transaction subject to the timely and satisfactory completion of on-going negotiations. This proposed merger will bring together the operations of ACG, one of the largest printing and premedia companies in North America, into Vertis' nationwide marketing and printing services platform."