Big Printers To Merge, A $2.8 Billion Stock Deal
Article Abstract:
The merger of R.R. Donnelley Corp. with Canada's Moore Wallace will create a huge printing conglomerate that will dominate the market with printing of magazines, business forms and shipping labels. Donnelley will acquire Moore Wallace for $2.8 billion in stock and create a new company with 50,000 employees and $8 billion in yearly revenue. Moore Wallace CEO Mark A. Angelson, who managed the merger with Wallace Computer Services in 2003, will run the new business entity.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2003
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Why Did He Buy New York? Hey, Wasserstein Loves Deals
Article Abstract:
Investment banker Bruce Wasserstein's motivations for buying New York Magazine are still not clear. He is offering the explanation that he was more interested in the challenge of outbiding others who were interested in the same acquisition than in taking over an established icon of the New York City publishing world to serve his social, political and financial interests. He knows that correcting the magazine's financial problems will be an interesting endeavor for him.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2003
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New York Magazine Sold for $55 Million To Wall St. Figure
Article Abstract:
Lazard chairman and investor Bruce Wasserstein placed $55 million in cash to outbid the Mortimer Zuckerman group's $45 million for New York Magazine. What the journal currently lacks in financial rewards having only made $1 million from $43 million in revenue in 2002, it still has retains the cultural icon status of being the voice of New York City, its celebrities, political masterminds and financial geniuses, and artistic innovators.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2003
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Comment about this article or add new information about this topic:
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