HOUSTON—For now, it looks like the anticipated sale of Consolidated Graphics (CGX) will have to wait for another strategic review.After kicking around options to enhance shareholder value, the CGX board concluded that the best current option is to stay the course with its current plan, as well as embark on a share repurchase program. The…
MONTREAL—Happy days continue to elude one of North America’s biggest commercial printers. Quebecor World announced that it lost (US) $6 million (four cents per share) for the first quarter after posting a profit of $6.5 million for the same period last year. The company also expects to cut a total of 756 jobs in 2006. In addition, the company announced it was taking legal action against the Teamsters. It filed a complaint in Chicago Federal District Court, alleging that the International Brotherhood of Teamsters and its Graphic Communications Conference (GCC) violated a neutrality and organizing agreement in making negative and adversarial statements about Quebecor World to
CHICAGO—Print procurement solutions provider InnerWorkings has filed a registration statement with the Securities and Exchange Commission (SEC) for an initial public offering of common stock.The number of shares to be offered and the price range for the offering have not been determined. InnerWorkings and certain of its stockholders are expected to sell the shares to…
