LSC Communications Launches as an Independent Company Following Spin-Off From R.R. Donnelley & Sons Company
October 03 2016 - 7:01AM
Business Wire
LSC Communications, Inc. (“LSC” or “the Company”), a global
leader in traditional and digital print, print-related services and
office products with $3.7 billion in annual revenues, today
announced that it has begun operating as a standalone public
company following the completion of its tax-free spin-off from R.R.
Donnelley & Sons Company (NYSE:RRD). Starting today, LSC will
begin “regular-way” trading on the New York Stock Exchange (“NYSE”)
under the ticker symbol “LKSD.”
“We are excited about the future of LSC and the opportunities we
have as an independent company,” said Thomas J. Quinlan III, LSC’s
Chairman and Chief Executive Officer. “LSC has a strong heritage,
and we look forward to creating an even better future by continuing
to leverage our competitive advantages, including significant
scale, long-standing customer relationships and a track record of
innovation within our diverse product and service profile. We
believe our separation from RR Donnelley will benefit all aspects
of LSC’s business and enable us to further refine our focus on our
customers’ distinct strategic priorities, as well as our own.”
The Company is focused on creating stockholder value through
business strategies and objectives that include further expansion
into end-to-end supply chain management; driving growth in core and
related businesses; building on market positions through expansion
of office products brands; maintaining focus on cost structure and
selectively pursuing strategic acquisitions.
With a portfolio of customer-focused solutions that serve the
needs of publishers, merchandisers and retailers worldwide, LSC’s
offerings include print, office products, e-services, warehousing,
fulfillment services and supply chain management. The Company’s
robust platform provides the scale to maximize efficiencies and
lower total overall costs for customers.
Since September 21, 2016, LSC shares have been traded on a “when
issued” basis under the symbol “LKSD.WI.” The “when issued” trading
of LSC shares ended at the close of the market Friday, September
30th. LSC currently has approximately 32.4 million shares
outstanding.
The Company also announced that its Board of Directors has set
May 18, 2017 as the date for the 2017 Annual Meeting of
Stockholders. Additional information about the time, place and
record date for this meeting will be announced by LSC in early
2017.
About LSC Communications, Inc.
LSC Communications (NYSE: LKSD) is a global leader in
traditional and digital print, print-related services and office
products with $3.7 billion in annual revenues that serves the needs
of publishers, merchandisers and retailers. The Company’s service
offering includes e-services, warehousing and fulfillment and
supply chain management. LSC utilizes a broad portfolio of
technology capabilities coupled with consultative attention to
clients' needs to increase speed to market, reduce costs, provide
postal savings to customers and improve efficiencies. Strategically
located operations provide local service and responsiveness while
leveraging the economic, geographic and technological advantages of
an international organization. For more information about LSC
Communications, visit: www.lsccom.com
Forward-Looking Statements
This news release may contain "forward-looking statements"
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and the U.S. Private Securities Litigation Reform
Act of 1995. Readers are cautioned not to place undue reliance on
these forward-looking statements and any such forward-looking
statements are qualified in their entirety by reference to the
following cautionary statements. All forward-looking statements
speak only as of the date of this news release and are based on
current expectations and involve a number of assumptions, risks and
uncertainties that could cause the actual results to differ
materially from such forward-looking statements, including risks
associated with the ability of LSC Communications to perform as
expected as a separate, independent entity and risks associated
with the volatility and disruption of the capital and credit
markets, and adverse changes in the global economy. Readers are
strongly encouraged to read the full cautionary statements
contained in LSCs filings with the SEC. LSC disclaims any
obligation to update or revise any forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20161003005459/en/
LSC Communications, Inc.Janet Halpin, 312-326-8742Treasurer and
Investor RelationsJanet.Halpin@lsccom.com
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