LSC Communications and Quad/Graphics have agreed to combine in an all-stock transaction, creating a highly efficient print platform that strengthens the role of print in a multichannel media world. Together with Quad, we will be better positioned in the dynamic industry environment to efficiently serve our clients though a broader set of offerings to help meet and manage their needs. In addition, with the all-stock transaction, shareholders of both companies will benefit from the significant projected synergies enabled by the combination. We at LSC Communications are proud of what we have accomplished, and look forward to building on our rich history of providing clients with innovative, industry-leading solutions. Until the transaction closes, which we expect to occur in mid-2019, LSC Communications and Quad will continue to operate as separate, standalone companies.