San Antonio-based Harland Clarke Holdings Corp. will buy Livonia-based direct-mail and coupon marketing firm Valassis Communications Inc. for $1.84 billion, or $34.04 a share, according to a statement issued this morning by Valassis.
The deal is expected to close in the first quarter.
Valassis and V Acquisition Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Harland Clarke, signed the deal on Tuesday, the statement said. The boards of directors of both companies have approved the deal, Valassis said.
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