On Air Now

Listen

Listen Live Now » 93.7 FM Sheboygan, WI

Weather

Current Conditions(Sheboygan,WI 53081)

More Weather »
45° Feels Like: 42°
Wind: W 6 mph Past 24 hrs - Precip: 0.1”
Current Radar for Zip

Tonight

Clear 43°

Tomorrow

Sunny 65°

Wed Night

Clear 45°

Alerts

Quad/Graphics takes step closer to buying Vertis Holdings

by

SUSSEX, WI (WTAQ) - Wisconsin’s largest printing company has taken another step toward acquiring a Baltimore printer that’s under federal bankruptcy protection.

Quad/Graphics said Monday that the Federal Trade Commission will not conduct an anti-trust review of its proposed acquisition of Vertis Holdings.

The FTC had until midnight Friday to announce a review – and the deadline came and went with no action. Now, Quad awaits approval from a federal bankruptcy court to acquire Vertis. Quad must also develop a plan for integrating Vertis into its operations.

The two companies announced just over a month ago that Quad would acquire Vertis for $258 million. But under the bankruptcy, Vertis will evaluate any competing bids – and those must be submitted by Friday.

Quad and Vertis both say they expect the bankruptcy court to approve the sale on December 6th – and it’s expected to close in the first quarter of next year. 

Comments