– 14 young offset printers go head-to-head at WorldSkills 2009 in Calgary ; – Heidelberg provides presses for the competition
FedEx Express Announces 2010 Rate Increase
Appleton Papers Inc. announced today that it has extended the expiration date for its private offers to exchange its outstanding 8.125% Senior Notes due 2011 and 9.75% Senior Subordinated Notes due 2014 (collectively, the “old notes”) for new 11.25% Second Lien Notes due 2015 (the “new notes”) until 12:00 midnight, New York City time, on September 25, 2009 (unless further extended). The offers were previously scheduled to expire at 12:00 midnight, New York City time, on September 16, 2009.
APS Group has bought the business and assets of Philip Myers Press (Holdings) Ltd in a deal that will enable PMP to continue trading – and secure its long-term prospects.
Standard Register (NYSE:SR), a premier provider of document management and workflow solutions, signed a multi-year agreement with Novation, the Texas-based contracting services company for VHA Inc., University HealthSystem Consortium (UHC) and Provista, LLC.
Bemis Company, Inc. (NYSE: BMS) today announced that late yesterday it received a request for additional information and documentary material, often referred to as a “Second Request,” from the United States Department of Justice (DOJ) in connection with its Hart-Scott-Rodino regulatory review of Bemis proposed acquisition of the Food Americas operations of Alcan Packaging from Rio Tinto plc, announced on July 5, 2009. Bemis will continue to work cooperatively with the DOJ and expects the transaction to close by the end of 2009.
NewPage Corporation (“NewPage”) announced today that it has priced its private placement offering (the “Notes Offering”) of $1.7 billion in aggregate principal amount of 11.375% Senior Secured Notes due 2014 (the “Notes”). The Notes will be sold at a price equal to 93.996% of their face value with an effective yield of 13%. The Notes Offering is expected to close on September 30, 2009, subject to satisfaction or waiver of customary closing conditions.
