|This Slide: #59 of 76|
Slide #59. Quad/Graphics, Inc. — Vertis Holdings, Inc.,
Quad/Graphics, Inc. (NYSE:QUAD)
Vertis Holdings, Inc.,
Quad/Graphics, Inc. announces that it has completed its acquisition of substantially all of the assets of Vertis Holdings, Inc., for a net purchase price of $170 million. This assumes the purchase price of $267 million less the payment of $97 million for current assets that are in excess of normalized working capital requirements. Quad/Graphics used cash on hand and drew on its revolving credit facility to finance the acquisition.
Quad/Graphics is a marketing solutions provider. Co.'s United States Print and Related Services segment is comprised of its printing operations, which includes retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, other commercial and printed products and global paper procurement, together with marketing and other complementary services. This segment also includes the manufacture of ink. Co.'s International segment provides printed products and marketing and other complementary services consistent with the United States Print and Related Services segment.
QUAD SEC Filing Email Alerts Service
Open the QUAD Page at The Online Investor »
Hold (2.00 out of 4)
(ranked lower than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite