Bankruptcy Court OKs Quad's Acquisition of Vertis

SUSSEX, WI—Santa Claus came early for the nation's No. 2 printer when a U.S. Bankruptcy Court green-lighted the proposed sale of Baltimore-based Vertis Holdings to Quad/Graphics. The deal, announced in October, entails substantially all of the assets comprising Vertis’ businesses for $258.5 million, which includes the payment of approximately $88.5 million for current assets that are in excess of normalized working capital requirements.