Quebecor World to review RR Donnelley's merger offer

Quebecor World has acknowledged receipt of what it described as RR Donnelley's "unsolicited, non-binding and conditional" offer to acquire all or substantially all of its assets.

The Canadian printer said that it was in the process of reviewing the terms and conditions of RR Donnelley's proposal together with its financial and legal advisors, ahead of a discussion with its shareholders.

In the meantime, Quebecor said that it intended to press ahead with its Canadian and US court hearings, scheduled for the 14 and 15 May respectively, relating to its own proposed reorganisation plans.

The announcement followed RR Donnelley's offer to buy all or substantially all of Quebecor World's assets in a $1.35bn (£891m) cash and share deal.