Valassis-Advo Merger Trial Kicks Off

ADVO is counter-suing, claiming Valassis has buyer’s remorse and is trying to drive down the purchase price.

On Thursday, a valuation expert testified on behalf of Valassis that the agreed-upon price for ADVO is somewhere between $300 million and $400 million too high.

Leo Strine Jr., vice chancellor for the Delaware Court of Chancery, will determine whether the deal should be made official at the end of the trial, which should last for another week.