Valassis-Advo Merger Trial Kicks Off

WILMINGTON, DE—The summer romance that led to the acquisition of Windsor, CT-based ADVO by Valassis Communications of Livonia, MI, has officially turned ugly as the two sides battle it out in Chancery Court.

The trial, which began Monday, kicked off with Valassis CEO Alan Schultz testifying that ADVO withheld and fabricated information about its finances prior to agreeing to merge with Valassis, The Associated Press reported. Valassis is trying to get out of the $1.3 billion deal.