Tuesday, January 22, 2008

Quebecor World files for bankruptcy

We'll be watching this one......

Quebecor World files for bankruptcy

PW Daily's Jim Milliot reports, "Quebecor World, one of North America's largest book printers, has filed for bankruptcy protection in both Canada and the U.S." He adds," The company, based in Montreal but with significant operations in the U.S. as well, has been working for several months to try to raise new capital to improve its balance sheet. The decision to file for bankruptcy came after the company was unable to reach a final agreement on a C$400 million bailout package it had been negotiating with Quebecor Inc., its largest shareholder, and the private equity firm Tricap Partners."


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