Quad/Graphics Reports Sales Decline, Net Loss

On Feb. 7, 2012, the company received authorization from the Canadian Competition Bureau to proceed with the sale of its Canadian business to Transcontinental, and expects the transaction to close shortly. Quad/Graphics entered into a definitive agreement with Transcontinental on July 12, 2011, to essentially exchange its Canadian assets (with the exception of its Vancouver, B.C., facility, which was not part of the original transaction) for Transcontinental’s Mexican assets. Quad/Graphics completed the acquisition of the Mexican assets on Sept. 8, 2011.