Valassis' Proposed Acquisition of Advo Receives Regulatory Clearance
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.
