Quad/Graphics (QUAD) +1.3% AH after stating it will spend $258.5M to buy the assets of bankrupt...

|By:, SA News Editor

Quad/Graphics (QUAD) +1.3% AH after stating it will spend $258.5M to buy the assets of bankrupt Vertis Holdings, a top provider of print ad solutions (ad inserts, mail flyers, and in-store flyers) for U.S. retailers. Vertis, which is expected to generate $1.1B in sales and $60M in EBITDA in FY12, will complement Quad's own sizable retail print ad business. Quad had over $1.3.3B in debt on its balance sheet as of June 29.