LSC Communications Inc Securities Litigation

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Lawsuit Overview

Defendant:LSC Communications, Inc.
Date Filed:December 21st, 2018

According to the Complaint, LSC Communications Inc. ("LSC" or the "Company") prints magazines, catalogs, retail inserts, books and directories, and sells office supplies such as filing products, envelopes, note-taking products, binders and forms. Printing is an $84 billion industry, and LSC was the third-largest printing company in 2017 with $3.6 billion in consolidated net sales in 2017.

The Proposed Transaction was first disclosed on October 31, 2018, when LSC and Quad/Graphics announced that they had entered into a definitive merger agreement (the "Merger Agreement") pursuant to which Quad/Graphics will acquire all of the outstanding shares of common stock of LSC in exchange for 0.625 shares of Quad/Graphics Class A common stock (the "Merger Consideration"). The deal is valued at approximately $1.4 billion and is expected to close in mid-2019.

On December 12, 2018, Defendants filed the S-4 with the SEC. The Complaint alleges that significant and material facts were not provided to Plaintiff and the Class. Without such information, LSC shareholders cannot make a fully informed decision concerning whether or not to vote in favor of the Proposed Transaction.

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First Identified Complaint

Joe Waters, et al. v. LSC Communications Inc, et al.

Date Filed:December 21st, 2018
Class Period Start:October 31st, 2018
Class Period End:December 21st, 2018
First Identified Complaint Filings
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