Valassis' Proposed Acquisition of Advo Receives Regulatory Clearance

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The Federal Trade Commission granted early termination of the waiting period required for the company to acquire direct mail company ADVO Inc.

In July, Livonia, MI-based Valassis said it would buy all outstanding shares of Windsor, CT-based ADVO  in a deal valued at about $1.3 billion, including about $125 million in ADVO debt that Valassis plans to refinance.

The deal is now subject to approval by ADVO's shareholders and other customary conditions before closing.

 

 

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