Donnelley Gives Up Bid to Acquire Quebecor World

RR Donnelley's initial proposal to Quebecor World was made May 12, then modified based upon feedback received from certain Quebecor World creditors that addressed, among other things, taxes and employee pension plans. The modified deal was submitted June 2, with the "best and final" offer, which included $178 million more in cash, coming this past Monday.