Vertis' Creditors Object to Auction and Loan Terms

Vertis also filed Chapter 11 in 2008 and 2010. Quad/Graphics has made a $285.5 million offer for the troubled company, subject to higher bids at an auction Vertis is seeking before year's end. The unsecured creditors' committee believes the proposed auction rules fall short of a "fair, flexible and robust sale process," NASDAQ said.