SOURCE: Industrial Info Resources

January 28, 2008 05:13 ET

Quebecor World Incorporated Granted Bankruptcy Protection in U.S., Canada, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - January 28, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Quebecor World Incorporated (NYSE:IQW), a subsidiary of communications giant Quebecor Incorporated, filed for and received bankruptcy protection in both the United States and Canada this week, allowing the company to borrow $1 billion from Credit Suisse Group (NYSE:CS) and Morgan Stanley (NYSE:MS) to cover operating expenses, including wages and benefits, while it develops a restructuring plan.

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