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Quad/Graphics Inc (QUAD.N)

QUAD.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Definitive agreement between Quad/Graphics and Courier Corporation terminated
Thursday, 5 Feb 2015 07:52am EST 

Quad/Graphics Inc:Says its agreement to acquire Courier Corporation has been terminated.Under terms of a definitive agreement signed with Courier on Jan. 16, Quad/Graphics would have paid Courier shareholders the equivalent of a total purchase price of $20.50 per share.On Jan. 27, Courier received an unsolicited offer from RR Donnelley of $23.00 per share in cash or stock, subject to pro ration.Quad/Graphics declined to negotiate further.Accordingly, Courier terminated its agreement with Quad/Graphics on Feb. 5, and will pay Quad/Graphics a $10 mln termination fee.  Full Article

Quad/Graphics Inc to acquire Courier Corp
Friday, 16 Jan 2015 08:30am EST 

Quad/Graphics Inc:Says a definitive agreement by which Quad/Graphics will acquire Courier, innovator in book manufacturing, publishing and content management.Under terms of the agreement, Quad/Graphics will acquire Courier in a transaction valued at about $260 million, including about $25 million in net debt and capital leases as of Dec. 31, 2014.Quad/Graphics will pay Courier shareholders the equivalent of a total purchase price of $20.50 per share.Quad/Graphics will pay an aggregate amount consisting of about $129 million in cash and about 4.8 million shares.  Full Article