Stock drop,cash crunch puts parent's eyes on the Quebecor World print unit

摘要

Quebecor World,one of the world's largest printers that has seen its stock price drop from a 52-week high of C17.25 to about C2.30 last week,will not be immediately sold or merged,its parent Quebecor Inc said last week in a Globe and Mail story.A cash crunch has caused the decline in Quebecor World's stock.The company recently pulled from the market a proposed refinancing plan for raising C250-million in equity and C500-million in debt.