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US: LSC, Quad/Graphics abandon $1.4B merger after antitrust suit

 |  July 23, 2019

Shares of LSC were down to $2.22 in heavy trading, while Quad/Graphics shares were up 7.9% at $8.20.

Quad/Graphics had said in October it would buy LSC Communications in an all-stock deal, bringing together two of the biggest companies that print books, magazines and catalogs.

“This result is a victory for American consumers and publishers, and a testament to the Division’s resolve to enforce the antitrust laws,” Assistant Attorney General Makan Delrahim, who heads the Justice Department’s antitrust division, said in a statement.

Full Content: Reuters

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