YEAR IN REVIEW - Is M&A Now DOA?
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Cunningham Graphics entered 2000 with a head of steam, purchasing five digital printing centers previously owned by The McGraw-Hill Companies. It wasn’t the last time the Jersey City, NJ-based company would make news in 2000.
Publicly held companies began to feel the low-earnings pinch. Wallace Computer Services, of Lisle, IL, announced that Robert J. Cronin, chairman and CEO, had resigned and the company reexamined its business plan following lower-than-expected earnings. Master Graphics’ common stock was delisted from the Nasdaq exchange, “as a result of Master Graphics’ inability to satisfy the maintenance standard,” officials said. Chairman John P. Miller resigned effective February 1.
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