Quad signed a definitive agreement to acquire LSC Communications, a leader in print and digital media solutions, on October 31, 2018. Since then, the acquisition was approved by shareholders of both companies on February 22, 2019, and has been under regulatory review.
The U.S. Department of Justice (DOJ) commenced a lawsuit to block the business combination on June 20, 2019. Quad intends to vigorously defend its proposed acquisition of LSC in U.S. District Court. Quad intends to work together with LSC to contest the DOJ’s allegations.
Quad remains unwavering in its belief that this business combination is the best outcome for all our stakeholders as it believes the combination would create a highly efficient print manufacturing and distribution platform to strengthen the role of print – a proven and trusted media form – in an increasingly multichannel media world that is dominated by digital advertising and content.
As Quad defends the DOJ’s lawsuit, it remains committed to performing well for its clients and will continue its disciplined focus to execute against consistent strategic priorities that include the acceleration of its transformation as a marketing solutions partner.