Donnelley Gives Up Bid to Acquire Quebecor World

“This would have been an excellent fit for RR Donnelley and the best opportunity for the Quebecor World creditors," Quinlan's statement continued. "However, given our view of the Quebecor World operations, a transaction ascribing a higher value to Quebecor World than we offered in our last proposal is simply not in the interests of RR Donnelley. We look forward to continuing to pursue other strategic initiatives.”