Wisconsin-based Quad/Graphics has bought Courier, the nations second largest book manufacturer, in order to accelerate its three-year strategy to transform its book platform.
Under terms of the agreement, Quad/Graphics will acquire Courier in a transaction valued at approximately $260 million, including approximately $25 million in net debt and capital leases as of December 31, 2014. Quad/Graphics will pay Courier shareholders the equivalent of a total purchase price of $20.50 per share, consisting of cash and shares of Quad/Graphics…
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