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Quad Expects to Close the Sale of Its Canadian Operations
Monday, February 20, 2012
Press release from the issuing company
Quad/Graphics Inc. (NYSE: QUAD) today announced that it has been authorized by Canada’s Competition Bureau to complete the sale of its Canadian operations to Transcontinental Inc. The company expects to close the transaction in the next several weeks.
Quad/Graphics entered into a definitive agreement with Transcontinental on July 13, 2011, to essentially exchange its Canadian assets (with the exception of its Vancouver, B.C., facility, which was not part of the original transaction) for Transcontinental’s Mexican assets and a portion of Transcontinental’s book printing business. Quad/Graphics completed the acquisition of the Mexican assets and the book printing business on September 8, 2011.
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