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Quad/Graphics, Worldcolor shareholders approve acquisition

Jun 28, 2010 12:00 AM

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>The shareholders of Sussex, WI-based Quad/Graphics, Inc. and Montreal’s World Color Press Inc. (“Worldcolor”) have approved the previously-announced plan of arrangement, pursuant to which Quad/Graphics will acquire Worldcolor.

The arrangement remains subject to the approval of the Québec Superior Court (Commercial Division) and other customary closing conditions. A hearing is scheduled for June 28, 2010. If the final order is granted and all other conditions to the completion of the transaction are satisfied or waived, it is expected that the arrangement will be completed on July 2.

Quad/Graphics has been cleared to apply to list its class A common stock on the New York Stock Exchange under the stock symbol QUAD. Quad/Graphics anticipates the shares will begin trading on the NYSE on July 6 or 7, 2010, at which time the company will usher in a new era as a publicly traded company. It is expected that Quad/Graphics chairman, president and CEO Joel Quadracci will ring “The Opening Bell” on July 7.