Worldcolor Obtains Court Approval of Proposed Acquisition by Quad/Graphics
Worldcolor shareholders approved the arrangement at a special meeting held on June 25, 2010. Based on the receipt of the foregoing approvals and subject to the satisfaction or waiver of customary closing conditions, it is expected that the arrangement will be completed on July 2, 2010.
Worldcolor Chairman and CEO, Mark Angelson, stated, “The extraordinary journey of the new Worldcolor now is within a few days of reaching a highly satisfactory ending for our customers, our shareholders and for most of our employees. Our impending association with Quad/Graphics is a great honor, and is by far the best outcome. This would not have been accomplished without the dedication and professionalism of all of our employees, directors and advisors. Hearty thanks to each of them for bringing us to this pivotal point in our history, and for enabling the latest step in the transformation of our industry.”
- Companies:
- Quad/Graphics
- Quebecor World