Donnelley increases offer for Quebecor

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Chicago—Printing giant R.R. Donnelley Monday upped its offer for rival Quebecor World, which is currently operating under bankruptcy protection.

In a letter to Quebecor, Donnelley increased its cash and stock offer to about $1.8 billion, up from the original offer of $1.35 billion, which was tendered May 12.

In the letter, Thomas J. Quinlan III, R.R. Donnelley’s president-CEO, gave Quebecor until Wednesday to respond to the offer.

Quebecor is contemplating changing its name to Novink when it emerges from bankruptcy protection, according to various media reports.

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