Two of the top magazine printers in the U.S. are set to merge next year, continuing in the years-long trend of consolidation within the printing industry. Quad/Graphics will acquire LSC Communications in an all-stock transaction with an approximated value of $1.4 billion, which is expected to close in mid-2019. As of Sept. 30 of this year, the estimated combined annual revenue of the company would have been $8 billion. “This is a defining moment in Quad’s 47-year journey,” said Joel Quadracci, Quad/Graphics chairman, president, and CEO, in a statement. “Together with LSC Communications, we will create a compelling combination of talent, expertise and client technology to further fuel our Quad 3.0 marketing solutions transformation and strengthen the role of print–a proven and trusted media form in today’s multichannel world.” This acquisition will mark the ninth merger for Quad within the decade. According to Quadracci in the printer’s 2017 Q4 Conference Call, these mergers are part of the Quad 2.0 transformation plan, which started in 2010 with the $1.3 billion purchase of World Color and is aimed at making the company a “disciplined industry consolidator.” While the 2.0 strategy is aimed at consolidation, the Quad 3.0 strategy focuses on the company’s ability to expand their capabilities quickly with appropriate resources to scale significantly, according to Quadracci in the Q4CC. The most recent merger for the company took place in March of this year when the company... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2018-10-31 00:00:00 UTC ]
Salesforce.com Inc., which makes America’s dominant sales-tracking software, agreed to buy Tableau Software Inc. in an all-stock deal valued at $15.3 billion that it said will help give customers more ways to analyze data. The takeover will mark Salesforce’s largest deal to date, according to... Continue reading at Advertising Age
[ Advertising Age | 2019-06-10 16:51:13 UTC ]
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Two of the top magazine printers in the U.S. are set to merge next year, continuing in the years-long trend of consolidation within the printing industry. Quad/Graphics will acquire LSC Communications in an all-stock transaction with an approximated value of $1.4 billion, which is expected to... Continue reading at Folio Magazine
[ Folio Magazine | 2018-10-31 00:00:00 UTC ]
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The slumping stock market has led Scholastic to cancel its “Dutch auction” in which it planned to buy up to $200 million of its common stock from shareholders. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-01-21 00:00:00 UTC ]
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This story first appears on FOLIO: sister site, minonline. Meredith Corp. chairman/CEO (since July 2004) Steve Lacy announced that the board of directors approved a $1.02-to-$1.53 per-share increase in the quarterly dividend paid to investors and authorized the repurchase of $100 million of... Continue reading at Folio Magazine
[ Folio Magazine | 2011-10-27 00:00:00 UTC ]
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