UPFRONT
Valassis, ADVO Settle, Merge
LIVONIA, MI—After several months of acrimony, Valassis and ADVO have decided to patch their differences and merge. The sides have dropped their chancery court case and will move under one roof via a renegotiated $1.2 billion deal, at $33 per share for the outstanding common shares of ADVO stock. The deal is expected to close in the first quarter of 2007.
- Companies:
- Cadmus Communications Corporation
- Cenveo
- Fry Communications
- Gateway Press
- International Paper
- KBA North America
- Mohawk Fine Papers
- Morrison Communications
- NewPage Corp.
- NPC Inc.
- RR Donnelley
- Seiz Printing
- St. Ives Inc. U.S.
- The Hennegan Company
- Transcontinental Inc.
- Valassis
- Vertis Communications
- Williamson Printing
- People:
- Dean Durbin
- Sammeck
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