Quad Shareholders Approve Issuance of Shares for LSC Communications Acquisition

Quad/Graphics, Inc. announced that its shareholders voted to approve the issuance of the company’s class A common stock in connection with the company’s previously announced acquisition of LSC Communications, Inc.
 
Based on the results of the special meeting of the company’s shareholders held on Feb. 22, 2019, approximately 99.7% of the votes cast by the holders of the company’s class A and class B common stock were voted in favor of the share issuance proposal.
 
In addition, LSC separately announced that its stockholders voted to adopt the agreement and plan of merger pursuant to which the company will acquire LSC.
 
“We remain enthusiastic about the value this transaction will create for all clients and shareholders. This business combination will enhance our highly efficient print platform to fuel our Quad 3.0 transformation and strengthen the role of print in a multichannel world,” said Joel Quadracci, chairman, president and CEO of Quad.
 
The completion of Quad’s acquisition of LSC remains subject to regulatory approvals and other customary closing conditions. Quad expects to complete the acquisition in mid-2019.