Press release from the issuing company
Sussex, Wisconsin and Montréal, Canada – Quad/Graphics, Inc. ("Quad/Graphics") and World Color Press Inc. ("Worldcolor") are pleased to announce that their respective shareholders have approved the previously-announced plan of arrangement, pursuant to which Quad/Graphics, Inc. will acquire Worldcolor. The approval of Quad/Graphics shareholders was obtained on June 24, 2010, while earlier today, at the special meeting of Worldcolor shareholders held in Toronto, Ontario, approximately 91.78% of the votes cast were voted in favor of the special resolution authorizing the arrangement.
The arrangement remains subject to the approval of the Québec Superior Court (Commercial Division) and other customary closing conditions. A hearing in respect of the final order approving the arrangement is scheduled to take place on June 28, 2010. If the final order is granted and all other conditions to the completion of the transaction are satisfied or waived, it is expected that the arrangement will be completed on July 2, 2010.
Quad/Graphics has been cleared to apply to list its class A common stock on the New York Stock Exchange ("NYSE") under the stock symbol QUAD. Quad/Graphics anticipates the shares will begin trading on the NYSE on July 6 or July 7, 2010, at which time the company will usher in a new era as a publicly traded company. It is expected that Quad/Graphics Chairman, President & CEO Joel Quadracci will ring The Opening BellSM on July 7, 2010.
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