20 May 2020
LSC Communications Possible Break Up
CHICAGO—
Once part of RR Donnelly , North America's largest printer
Once part of RR Donnelly , North America's largest printer
 LSC Communications  the  forth largest US printer has hired a  investment bankers to explore a sale of the business that could see it broken up. The $3.3bn  printer filed for Chapter 11 bankruptcy protection in April. LSC is  exploreing  a sale of the company or the four segments. The four segments identified are: books; magazines, catalogues and logistics; office products .
Tried to merge with Quad but was blocked by the American Government
Tried to merge with Quad but was blocked by the American Government
LSC is largest book printer and publishing services printer in the US, with $1.1bn in sales. It prints for eight of the top ten book publishers.  Its magazines, catalogues and logistics division has sales of $1.6bn. Office products is a $500m business. LSC’s operations in Mexico and Canada are excluded from the Chapter 11 filing.  LSC Communications was spun off from RR Donnelly in 2016 with sales of about $3.7 billion and 22,000 employees.
 
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Bob says:
Good, I feel no sadness for them....
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