Printer Friendly

R.R. DONNELLEY TO APPEAL DECISION IN MEREDITH/BURDA LITIGATION

 CHICAGO, Jan. 5 /PRNewswire/ -- R.R. Donnelley and Sons Company (NYSE: DNY) will appeal an initial decision favoring the Federal Trade Commission (FTC) in its challenge to the company's 1990 acquisition of the Meredith/Burda companies. Administrative Law Judge Lewis F. Parker found the acquisition has or may substantially lessen competition in a "high-volume publication gravure printing" market and ordered the divestiture of four plants involved in the original acquisition.
 "The company believes the acquisition was legally proper," stated David C. Hart, vice president and general counsel of R.R. Donnelley. "Judge Parker's decision is wrong and contrary to the findings of U.S. District Court Judge Stanley Harris, who allowed the acquisition to proceed despite the FTC's attempt to enjoin its consummation on the same grounds. We will appeal this ruling to the full Federal Trade Commission and on to the Federal courts, if needed." Hart added that the appeal will have the effect of staying the judge's order.
 -0- 1/5/94
 /CONTACT: David C. Hart, vice president, general counsel and secretary, 312-326-7189, or Ronald G. Eidell, senior vice president and treasurer, 312-326-8375 both of Donnelley/
 (DNY)


CO: R.R Donnelley and Sons Company ST: Illinois IN: SU:

SH-SP -- NY035 -- 9313 01/05/94 11:39 EST
COPYRIGHT 1994 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 5, 1994
Words:209
Previous Article:MASCOTT CORPORATION ANNOUNCES EXPANSION OF ITS WILLIE MAYS COUNTRY CHICKEN CONCEPT
Next Article:WASHINGTON STATE DEPARTMENT OF VETERANS AFFAIRS: VETERANS ADVISORY COMMITTEE TO MEET IN LAKEWOOD
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters