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

Alan F. Schultz, non-executive chairman of the Valassis board of directors, stated: “After careful analysis and evaluation of a range of strategic and value-enhancing opportunities, our board of directors has determined that this transaction is in the best interest of Valassis and our stockholders. The transaction provides Valassis stockholders with a significant and immediate cash premium for their shares.”