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.
