Vertis, American Color Merge, Restructure

Both companies have struggled in the time since they originally signed a Letter of Intent to join forces last July. The letter was rescinded in October, but the companies expressed a desire to continue negotiating.

The companies have reached debt exchange accords with their respective noteholders. By agreeing to facilitate the restructuring through prepackaged Chapter 11 plans, they will be able to more efficiently exchange the notes. The restructuring agreements and terms of the prepackaged plans call for all trade creditors, suppliers, customers and employees to receive all amounts owed to them in the ordinary course of business.