Quebecor acknowledges receipt of RR Donnelley's interest to acquire its assets
Press release from the issuing company
Montréal, Canada – Quebecor World Inc. today acknowledges that it has received an unsolicited, non-binding and conditional indication of interest from R.R. Donnelley & Sons Company to acquire all or substantially all of the assets of Quebecor World. The Board of Directors of Quebecor World is currently in the process of reviewing the terms and conditions of the proposed transaction together with its financial and legal advisors and will be discussing it with its major stakeholders. Quebecor World will be proceeding as scheduled with its Canadian court hearing on May 14, 2009 with respect to the convening of a creditors’ meeting for the consideration of its proposed plan of reorganization and compromise under the Companies’ Creditors Arrangement Act and the Canada Business Corporations Act as well as with its U.S. Bankruptcy Court hearing on May 15, 2009 with respect to its disclosure statement, as amended, and the voting by creditors of its U.S. subsidiaries party to the U.S. creditor protection proceedings on its proposed U.S. plan of reorganization, as amended.
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