Tuesday, June 9, 2009

Quebecor World board rejects sweetened Donnelly offer

A sweetened $1.825 billion offer from printer R. R. Donnelly for printer Quebecor World has been rejected, according to a story posted by Folio:.According to a document filed yesterday with the U.S. bankruptcy court in the southern district of New York, Quebecor’s board of directors, after reviewing Donnelley’s latest offer, determined that its $1.5 billion plan of reorganization offers “superior

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