Business News

Worldcolor Obtains Interim Order in Connection With Proposed Acquisition by Quad/Graphics

Tuesday 18. May 2010 - World Color Press Inc. ("Worldcolor") (TSX:WC)(TSX:WC.U) is pleased to announce that the Québec Superior Court (Commercial Division) has issued an interim order in connection with its previously-announced plan of arrangement, pursuant to which Quad/Graphics, Inc. ("Quad/Graphics") will acquire Worldcolor.

The interim order, among other things, authorizes Worldcolor to call and hold a special meeting of shareholders for the purpose of considering the proposed arrangement (the “Arrangement”). In accordance with the interim order, the special meeting of shareholders will be held in Toronto on June 25, 2010, with a record date at 5:00 p.m. (Eastern time) on May 17, 2010. In connection with the special meeting, Worldcolor expects to mail a detailed proxy circular/prospectus relating to the Arrangement to shareholders once Quad/Graphics’ registration statement on Form S-4 has been declared effective by the U.S. Securities and Exchange Commission.
The Arrangement is subject to customary closing conditions for transactions of this type, including receipt of all required court and regulatory approvals, as well as approval of at least two-thirds of the votes cast by shareholders at the special meeting. If all necessary approvals are obtained and the conditions to the completion of the Arrangement are satisfied or waived, it is expected that the Arrangement will be completed in the early summer of 2010.