Vertis calls off deal to acquire printer
Printing and marketing services company Vertis Communications has called off its proposed merger with American Color Graphics.
In July, Vertis, Baltimore, said it would acquire American Color Graphics with the goal of being able to better address the advertising insert and pre-media services marketplace.
However, on Sept. 30 an extension of the offer granted earlier in the month expired and Vertis still hadn't received an affirmative response from Brentwood, TN-based American Color Graphics.
"Vertis therefore terminated the letter of intent, but is prepared to entertain further discussions," according to a statement from the company.