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At least four firms eyeing Quebecor World: report
December 18, 2007 / 12:43 PM / in 10 years

At least four firms eyeing Quebecor World: report

TORONTO (Reuters) - Two printing companies and two large North American private equity firms are among those eyeing Canadian printer Quebecor World IQW.TO, a Canadian national newspaper reported on Tuesday.

The Globe and Mail, citing sources, said U.S. printer RR Donnelley and Sons (RRD.N) and Transcontinental Inc (TCLa.TO) were among the rivals interested in the assets of the Montreal-based company.

The paper said private equity firms Kohlberg Kravis and Roberts and Cerberus Capital Management were also eyeing

the company.

The companies were considering various scenarios as the printer struggles to craft a strategic plan after it failed to sell off its European assets last week.

The sources said the company is close to completing a plan which could include selective asset sales, although the two equity firms would be more interested in acquiring the entire company.

Quebecor World, which is controlled by media group Quebecor Inc (QBRa.TO) (QBRb.TO), is facing growing uncertainty about its liquidity, following the failure last week to close a $341 million sale of its European printing business to RSDB NV RSDB.AS and an unsuccessful refinancing attempt in November.

On Monday, Chief Executive Wes Lucas resigned suddenly, knocking the shares down 17 Canadian cents to C$1.57 on the Toronto Stock Exchange.

($1=$1.01 Canadian)

Reporting by Scott Anderson; Editing by Bernadette Baum

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