ADVO STOCKHOLDERS: last week approved the terms of Advo’s amended takeover agreement with Valassis Communications.
Advertisement
ADVO STOCKHOLDERS: last week approved the terms of Advo’s amended takeover agreement with Valassis Communications. Valassis will buy Advo for about $1.08 billion, and assume about $125 million in Advo debt. The deal is now expected to close next month. The companies sued each other last fall when Valassis tried to rescind its offer, charging that Advo withheld information during acquisition negotiations. Both suits were dismissed in December (PROMO Xtra, Dec. 20, 2006).
