Transcontinental bids on PLM, direct marketing

Share this content:

In a move intended to build its presence in direct marketing, printer Transcontinental Inc. has made a cash offer to acquire all of PLM Group Ltd.'s approximately 29.5 million shares at C$3.50 per share.

PLM, Toronto, is Canada's fourth-largest printer. Its services include pre-media, digital printing and the ability to print a wide range of marketing-related commercial printing products.

"With PLM, we will become a leader in Canada's direct marketing industry - a fast-growing segment where Transcontinental is already a major player in the United States; PLM will also complement our product and service offering in the Greater Toronto Area," said Luc Desjardins, president/CEO, Transcontinental, in a statement.

The offer from Montreal-based Transcontinental represents a premium of 19 percent over the closing price of PLM shares on the Toronto Stock Exchange on Aug. 13, the day before PLM announced it was in exclusive talks with a potential buyer.

The deal is expected to close in October.

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above