CGX Looking To Sell?

According to Chris Colville, executive vice president and CFO, CGX’s board of directors has decided, based on advice of investment banks, that the best interest of the shareholders would most likely be achieved in a transaction.

“We are a very large printing company, but only a small-cap public company,” Colville told Printing Impressions. “With the increasing burdens of being a relatively small company...it’s harder to create shareholder value by just ‘staying the course.’ The timing is right, given today’s robust capital markets and a generally good economy.”