Valassis to be sold to Harland Clarke Holdings

December 18, 2013

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.

(Complete article pdf is linked below and is online at: http://www.crainsdetroit.com/article/20131218/NEWS/131219858/valassis-to...)

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