Jul 23, 2019
$1.4 billion printing merger canceled after U.S. antitrust objections
- Dan Primack, author of Axios Pro Rata
U.S. antitrust chief Makan Delrahim, after losing a lawsuit to block AT&T from buying Time Warner. Photo: Nicholas Kim/AFP/Getty Images
Chicago-based printing company Quad/Graphics on Tuesday canceled its $1.4 billion agreement to buy Wisconsin-based rival LSC Communications, following antitrust objections by the U.S. Department of Justice.
Why it matters: The Trump Administration's most-watched antitrust efforts have focused on technology companies, but this serves as a reminder that attention remains on traditional industries as well.