Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Quad Shareholders Approve Issuance of Shares for LSC Communications Acquisition - Ink World Magazine

What are you searching for?

Sign in
Industry News, Ink Manufacturers News, Mergers and Acquisitions, Printers News

Quad Shareholders Approve Issuance of Shares for LSC Communications Acquisition

LSC separately announced that its stockholders voted to adopt the agreement and plan of merger.

Author Image

By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Quad/Graphics, Inc. announced that its shareholders voted to approve the issuance of the company’s class A common stock in connection with the company’s previously announced acquisition of LSC Communications, Inc.
 
Based on the results of the special meeting of the company’s shareholders held on Feb. 22, 2019, approximately 99.7% of the votes cast by the holders of the company’s class A and class B common stock were voted in favor of the share issuance proposal.
 
In addition, LSC separately announced that its stockholders voted to adopt the agreement and plan of merger pursuant to which the company will acquire LSC.
 
“We remain enthusiastic about the value this transaction will create for all clients and shareholders. This business combination will enhance our highly efficient print platform to fuel our Quad 3.0 transformation and strengthen the role of print in a multichannel world,” said Joel Quadracci, chairman, president and CEO of Quad.
 
The completion of Quad’s acquisition of LSC remains subject to regulatory approvals and other customary closing conditions. Quad expects to complete the acquisition in mid-2019.
 
 

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters

Topics