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Article: Quebecor Printing signs letter of intent to purchase Petty Co.
- Article from:
- Business Wire
- Article date:
- December 20, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOSTON--(BUSINESS WIRE)--Dec. 20, 1996--Quebecor Printing Inc. (ME, TSE IQI., NYSE PRW.) Quebecor Printing Inc. has signed a letter of intent to acquire Petty Co., a leading provider of direct marketing printing services, for approximately US $65 million, including the assumption of debt.
Based in Effingham, Ill., the Petty Company has 750 employees and annual revenues of approximately US $125 million.
The transaction is subject to a satisfactory completion of due diligence reviews, approval by the Board of Directors of Quebecor Printing, the execution of a definitive agreement and compliance with all regulatory requirements (including the ...