Worldcolor Makes Three Senior Management Appointments Sep 30, 2009
Source: Worldcolor (formerly Quebecor World Inc.). On Tuesday September 29, 2009, 5:03 pm EDT. (CCNMatthews Press Releases)
Andrew P. Hines Joins World Color as Interim Chief Financial Officer Sep 12, 2009
Source: World Color Press Inc. (formerly Quebecor World Inc.). On Friday September 11, 2009, 6:29 pm EDT. (CCNMatthews Press Releases)
Centerbridge Announces Its Holdings in World Color Press Inc. Sep 10, 2009
TORONTO, ONTARIO--(Marketwire - Sept. 9, 2009) - In connection with the reorganization and financial restructuring of World Color Press Inc. ("WCPI", formerly Quebecor World Inc. ("Quebecor")), Centerbridge Credit Partners Master, L.P., together with its joint actors Centerbridge Credit Partners, L.P., Centerbridge Capital Partners Debt Acquisition, L.P., Centerbridge Capital Partners Strategic Debt Acquisition, L.P., and Centerbridge Capital Partners SBS, L.P. (collectively, the "Centerbridge... (CCNMatthews Press Releases)
Rda Bankruptcy May Clobber Bony Aug 25, 2009
As usual in these cases, printers are left holding the bag for a lot of the debt, with Quad Graphics, R.R. Donnelley and Quebecor World among the top 10 unsecured creditors, each owed between 2. 3 million and 3 million. (New York Post -- Business)
World Color Press Announces Listing Date on Toronto Stock Exchange Aug 22, 2009
Source: World Color Press Inc. (formerly known as Quebecor World Inc.) ... MONTREAL, CANADA--(Marketwire - Aug. 21, 2009) - World Color Press Inc. (formerly known as Quebecor World Inc.) announced today that its post-reorganization Common Shares, Series I Warrants and Series II Warrants are now listed and will commence trading on the Toronto Stock Exchange (TSX) on August 26, 2009. (CCNMatthews Press Releases)
World Color Press Adopts Shareholder Rights Plan Aug 21, 2009
Source: World Color Press Inc. (formerly known as Quebecor World Inc.) ... MONTREAL, CANADA--(Marketwire - Aug. 20, 2009) - World Color Press Inc. ("World Color" or the "Company", previously Quebecor World Inc.) today announced that it has adopted a shareholder rights plan agreement (the "Rights Plan"), effective immediately, to encourage the fair treatment of shareholders in any takeover offer for the Corporation and to prevent a bidder from acquiring control of World Color in a manner... (CCNMatthews Press Releases)
World Color Press Announces Second Quarter Results Aug 14, 2009
Source: World Color Press Inc. (formerly known as Quebecor World Inc.) ... MONTREAL, CANADA--(Marketwire - Aug. 13, 2009) - World Color Press Inc. (previously Quebecor World Inc.) ... World Color Press Inc. (previously Quebecor World Inc.) emerged from court protection in the U.S. and in Canada on July 21, 2009. (CCNMatthews Press Releases)
THE WEEK'S WINNERS AND LOSERS Aug 3, 2009
Printer RR Donnelley gets jammed as its former CEO takes over rival Quebecor World. LOSERS. (New York Post -- Business)
PRINTING PROBLEMS Jul 31, 2009
According to a source familiar with the situation, executives at printing powerhouse RR Donnelley & Sons are grousing over the recent appointment of Mark Angelson as non-executive chairman of archrival Quebecor World. The reason: Angelson until 2007 was CEO of Donnelley, and is widely expected in his new job to play a key role in helping Quebecor grow through acquisitions. (New York Post -- Business)
Quebecor World Emerges From Chapter 11 and CCAA Protection Jul 22, 2009
Source: Quebecor World Inc. ... MONTREAL, CANADA--(Marketwire - July 21, 2009) - Quebecor World Inc. and its affiliated debtors and debtors-in-possession announced today that they have successfully emerged from protection under the Companies' Creditors Arrangement Act in Canada ("CCAA") and Chapter 11 of the U.S. Bankruptcy Code ... In connection with Company's exit from protection and as part of the implementation of the Plans, the names of the entities in the Company's group are to change to... (CCNMatthews Press Releases)
Cash for clunkers Jul 19, 2009
The Evans man paid $500 for the Jeep in 2007 and has been using it to commute to his job as a bookkeeper at Quebecor World. He has spent $3,200 to fix and maintain it, so the $4,500 rebate for the purchase of the new car is drawing him to the showroom. (The Augusta Chronicle)
Global DiSCS Trust 2004-1 (TSX:DST.UN) Announces Idearc Inc. Credit Event Settlement Jul 14, 2009
153% as a result of the 2006 Delphi Corporation, the 2008 Quebecor World Inc., the 2008 Federal National Mortgage Association and Federal Home Loan Mortgage Corporation, and the 2009 The Rouse Company Credit Events. Unitholders' entitlement to receive $25 per Trust unit on December 20, 2009 (the "Maturity Date") and quarterly distributions of $0. (CCNMatthews Press Releases)
Quebecor World's U.S. and Canadian Plans of Reorganization Approved by U.S. Bankruptcy Court and Quebec Superior Court Jul 3, 2009
Source: Quebecor World Inc. ... MONTREAL, CANADA--(Marketwire - July 2, 2009) - Quebecor World Inc. and its affiliated debtors and debtors-in-possession announce that, following hearings held jointly in the Quebec Superior Court and the U.S. Bankruptcy Court for the Southern District of New York on June 30, 2009, the Quebec Superior Court and the U.S. Bankruptcy Court (together the "Courts") rendered orders sanctioning Quebecor World's Second Amended and Restated Plan of Reorganization and... (CCNMatthews Press Releases)
Quebecor World Announces Extension of Balloting Deadline and Postponement of Creditors' Meeting for its U.S. and Canadian Plans of Reorganization Jun 18, 2009
Source: Quebecor World Inc. ... MONTREAL, CANADA--(Marketwire - June 18, 2009) - Quebecor World Inc. and its affiliated debtors and debtors-in-possession announce that, as permitted by the Order of the US Bankruptcy Court dated May 18, 2009, approving the disclosure statement and balloting procedures incident to the Third Amended Joint Plan of Reorganization of the US Debtors (the "US Plan"), the balloting deadline to receive votes on the US Plan has been extended from 5:00 p.m. (Eastern Time)... (CCNMatthews Press Releases)
Technology redefines Canadian media landscape May 17, 2009
A third, Quebecor World, survives under a court-ordered protection from its creditors. And the fourth, TQS, a francophone TV network, continues to flounder after securing protection from creditors. (Xinhuanet, China)
Quebecor World Releases First Quarter Results May 15, 2009
Press Release Source: Quebecor World Inc. ... MONTREAL, QUEBEC--(Marketwire - May 14, 2009) - Quebecor World Inc. (TSX: - ) ... In the first quarter of 2009, Quebecor World Inc. generated consolidated revenues from continuing operations of $752. (CCNMatthews Press Releases)
Rival makes play for Quebecor World May 14, 2009
MONTREAL, TORONTO Quebecor World Inc., once the jewel in the P ... The proposed cash-and-stock takeover comes just as Quebecor World prepares for the final stages of its restructuring under bankruptcy protection in both the U.S. and Canada ... For years, Quebecor World and Donnelley leapfrogged each other with bids for assets in their battle to dominate North America's commercial printing market before it was undermined by the Internet. (Globe and Mail)
Donnelley makes $1.4B offer for Canadian media company May 14, 2009
(AP) Printing services provider RR Donnelley Co. said Tuesday night it offered to buy Canadian media group Quebecor World Inc., which has filed for bankruptcy, for about $1. 35 billion. (Crain's Chicago Business)
Business briefs: Quebecor cuts Merced workers' pay 10% Apr 16, 2009
Several hundred employees at the Merced plant of international printer Quebecor World Inc. were informed Tuesday that their pay would be cut 10% and they would lose one week of paid vacation. Quebecor officials said the moves will help the company to emerge from bankruptcy protection. (Fresno Bee)
Quebecor World Announces That its Shares Listed on the Toronto Stock Exchange Will Be Suspended From Trading Apr 16, 2009
Press Release Source: Quebecor World Inc. ... MONTREAL, CANADA--(Marketwire - April 15, 2009) - Quebecor World Inc. (TSX: - ) today announces that it has received a written request from the Toronto Stock Exchange (TSX) that trading in all of Quebecor World's outstanding classes and series of securities currently listed on the TSX be suspended ... In the request letter, the TSX stated its view that, following the Company's announcement on April 8, 2009 regarding the agreement in principle between... (CCNMatthews Press Releases)
Quebecor World wins time with creditor deal Apr 14, 2009
MONTREAL As it enters the final stages of bankruptcy proceedings, Quebecor World Inc. IQW-T has passed one test but has many more to undergo ... "The creditors decided it would be preferable to see [Quebecor World] continue operating rather than liquidate it. That shows there is faith in the company," says Daniel Paill ... For veteran U.S. printing industry deal-maker Harris DeWese, one thing is clear: Quebecor World has to become far more nimble and responsive as the market struggles to adapt... (Globe and Mail -- Business)
Quebecor World has deal with creditors Apr 9, 2009
TORONTO Insolvent commercial printer Quebecor World Inc. has reached a deal "in principle" with its creditors that could allow it to emerge from bankruptcy protection by mid-July, it said Wednesday. Quebecor World, which filed for court protection from creditors in January, 2008, said it has struck a "general agreement" that will likely lead to a recapitalization and deleveraging of the company ... Quebecor World prints products including books, magazines, directories and advertising materials. (Globe and Mail)
Not your 'traditional airline guy' Apr 1, 2009
The outcome wasn't as favourable for Mr. Rovinescu when his client, Quebecor Inc., faced off last year with lenders to printing subsidiary Quebecor World. That particular bout of brinksmanship saw Mr. P. (Globe and Mail)
CLOs set to snap up DIPs and exit loans Mar 5, 2009
Rolling into the recently announced Quebecor World exit financing package from the DIP could be an attractive option for CLOs that cant or dont want to hold equity in the reorganized company, according to a prop desk trader following the exit financing. By getting into a piece of paper issued with an OID in the low 80s, that could boost IRR with a good collateral package to boot, the trader noted. (FT.com -- Markets)
Quebecor World Announces Final Conversion Rate for Conversion of Series 5 Preferred Shares Feb 27, 2009
Source: Quebecor World Inc. ... MONTREAL, CANADA--(Marketwire - Feb. 26, 2009) - Quebecor World Inc. (TSX: - ) today announced that it has determined the final conversion rate applicable to the 256,364 Series 5 Cumulative Redeemable First Preferred Shares (TSX: - ; the "Series 5 Preferred Shares") that will be converted into Subordinate Voting Shares effective as of March 2, 2009 ... Taking into account all accrued and unpaid dividends on the Series 5 Preferred Shares up to and including March... (CCNMatthews Press Releases)
Quebecor Inc. Reports Consolidated Results for 2008 Feb 25, 2009
On January 21, 2008, Quebecor World Inc. and its U.S. subsidiaries were granted creditor protection under the Companies' Creditors Arrangement Act in Canada ... Since that date, in accordance with generally accepted accounting principles, Quebecor's investment in Quebecor World has no longer been consolidated, Quebecor's investment in Quebecor World has been valued at zero, and Quebecor World's activities are considered discontinued operations for the purposes of Quebecor's consolidated... (CCNMatthews Press Releases)
