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Business

Printing Company Quad Graphics Acquires LSC Communications in All-Stock Deal Worth $1.4 Billion

Quad Graphics Inc. (QUAD) will acquire LSC Communications (LKSD) in an all-stock transaction valued at $1.4 billion, including assumption of debt, the companies said in a joint statement Wednesday. The companies said their boards have both approved the agreement. Combined, the new entity would have annual revenue of about $8 billion. Quad Graphics is a Sussex, Wisconsin-based printing company with […]

Wall Street Rally Fizzles on Profit Warning From Chip Makers

Risk aversion resurfaced across Europe and the US on Friday as a profit-warning out of the semi-conductor sector coupled with fresh selling pressure on the Turkish lira set Wall Street’s major market averages up to open with modest losses. While losses have been mitigated by gains in the energy complex, the technology sector is likely to weigh on Wall Street […]

Amicus Therapeutics Downgraded at Chardan on Concern Company No Longer a Takeover Target

Amicus Therapeutics (FOLD) was downgraded at Chardan on concerns that the company isn’t attractive even after a key drug received approval from the government. The US Food and Drug Administration on Aug. 10 approved Galafold to treat Fabry disease following a recently successful launch in Japan and “relatively strong” adoption globally. “Despite these positives, some of our Amicus thesis relied […]