1.4301 +0.01 (0.71%)
Pre-Market: 8:15AM EDT
|Bid||1.4300 x 2200|
|Ask||0.0000 x 1000|
|Day's Range||1.3200 - 1.4800|
|52 Week Range||0.8500 - 13.2560|
|Beta (3Y Monthly)||1.22|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.04 (30.32%)|
|1y Target Est||6.85|
LSC Communications (LKSD) and United Business Mail (UBM) announced today that UBM has acquired LSC’s commingle business for $11.25 million in cash. United Business Mail is a privately held Mail Service Provider that brings to the mailing community innovative postage savings options.
LSC Communications (LKSD) announced the opening of Crawfordsville Family Health Center, the company’s first onsite medical facility offering healthcare, wellness coaching and assessments for its employees and their families. The center was launched as part of a companywide initiative to enhance the wellbeing of employees by providing a holistic approach to wellness and making healthcare more accessible. Mike Berendes, Vice President of Manufacturing for LSC Crawfordsville, commented, “As one of LSC’s largest facilities in the US, we and our employees are thrilled that Crawfordsville was selected to launch the company’s first healthcare center.” LSC partnered with onsite healthcare provider Marathon Health to operate the new medical center.
Moody's Investors Service (Moody's) downgraded LSC Communications, Inc.'s (LSC) corporate family rating (CFR) to B3 from B2, the senior secured revolving bank credit facility rating to Ba3 from Ba2, and the senior secured term loan B and senior secured notes ratings to B3 from B2. LSC's attempted merger with Quad/Graphics, Inc. valued at $1.4 billion was terminated in July following opposition from the U.S. Department of Justice.
Moody's Investors Service ("Moody's") says the termination of Quad/Graphics, Inc.'s (Quad) proposed merger with LSC Communications, Inc. (LSC) will not impact the existing Ba3 Corporate Family Rating or negative outlook for Quad. The merger faced opposition from the U.S. Department of Justice that would have delayed the expected closing date and increased the costs to complete the merger if the acquisition was completed.
Shares of LSC Communications Inc. plunged 38% Tuesday to pace all NYSE decliners, after the print and digital media services company said the deal to be acquired by Quad/Graphics Inc. was terminated, afer the Department of Justice filed a lawsuit against Quad regarding the proposed buyout. As part of the termination, Quad will pay LSC a $45 million termination fee. Quad's stock surged 9.1%. "We disagree with the DOJ's conclusion regarding our transaction, especially in the context of industry trends," said LSC Chief Executive Thomas Quinlan. "However, we and Quad recognize the significant additional time and resources that would be required to challenge the DOJ's complaint and have therefore decided mutually that it is in the best interests of our respective companies to terminate the merger agreement." The all-stock deal was originally announced on Oct. 31, 2018, and was valued at the time at $1.4 billion. LSC's stock has plunged 85% over the past 12 months and Quad shares have plummeted 58%, while the S&P 500 has advanced 6.5%.
Quad/Graphics Inc. and LSC Communications has agreed to terminate their proposed merger, costing Sussex-based Quad a termination fee of $45 million.
LSC Communications, Inc. (NYSE: LKSD ) and Quad/Graphics, Inc. (NYSE: QUAD ) have terminated a merger agreement of an all-stock transaction valued at approximately $1.4 billion. Quad will pay LSC a termination ...
LSC Communications Inc and Quad/Graphics terminated their $1.4 billion merger on Tuesday, a month after the U.S. Justice Department filed a lawsuit to block the deal, sending LSC shares down 36% to a record low. 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.
Moody's Investors Service (Moody's) downgraded LSC Communications, Inc.'s (LSC) corporate family rating (CFR) to B2 from B1, its probability of default rating to B2-PD from B1-PD, senior secured revolving bank credit facility rating to Ba2 from Ba1, senior secured term loan B rating to B2 from B1, and senior secured notes rating to B2 from B1. At the same time, LSC's speculative grade liquidity was downgraded to SGL-3 (adequate) from SGL-2 (good).
The transaction, according to the Justice Department would combine the only two significant providers of magazine, catalog, and book printing services.
The U.S. Justice Department said on Thursday it had filed a lawsuit aimed at stopping Quad/Graphics Inc from buying LSC Communications , two of the biggest companies that print books, magazines and catalogs. "American publishers and retailers rely on Quad and LSC to print and distribute billions of magazines, catalogs and books each year," said Makan Delrahim, an assistant attorney general in the Antitrust Division.
LSC Communications, Inc. (LKSD) (“LSC Communications”), a leader in print and digital media solutions, today announced that the U.S. Department of Justice (“DOJ”) filed a lawsuit in the United States District Court for the Northern District of Illinois to enjoin Quad’s proposed acquisition of LSC Communications. The companies believe that the DOJ has reached the wrong conclusion in its assessment of the transaction and LSC will join Quad in vigorously defending the lawsuit in court.
On a per-share basis, the Chicago-based company said it had a loss of $3.79. Losses, adjusted for non-recurring costs and restructuring costs, came to 16 cents per share. The print and print-related services ...
LSC Communications, Inc. (LKSD) today announced a regular quarterly dividend of 26 cents per common share. With a rich history of industry experience, innovative solutions and service reliability, LSC Communications (LKSD) is a global leader in print and digital media solutions. With advanced technology and a consultative approach, LSC’s supply chain solutions meet the needs of each business by getting their content into the right hands as efficiently as possible.
The Math Learning Center is a nonprofit publisher serving the elementary education community with innovative and core-based curriculum, resources and professional development. “The Math Learning Center is pleased to partner with LSC for print, warehousing and distribution of student workbooks,” said Jeff Blater, VP of Operations for MLC.
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As part of the agreement, LSC will exclusively provide supply chain services ranging from web offset and digital print to warehousing and fulfillment for Open Up Resources’ curriculum materials. “This growth comes on the heels of Open Up Resources delivering on our mission,” commented Jessica Reid Sliwerski, the CEO of Open Up Resources.