Harland Clarke Holdings to Acquire Valassis for $34.04 Per Share in Cash

SAN ANTONIO and LIVONIA, MI—December 18, 2013—Harland Clarke Holdings, a leading provider of best-in-class integrated payment solutions and marketing services, and Valassis (NYSE: VCI), a leader in intelligent media delivery, today announced that they have entered into a definitive merger agreement under which Harland Clarke Holdings will acquire Valassis.