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Wednesday, December 18, 2013

CORRECTED-BRIEF-Harland Clarke to acquire Valassis for $34.04 per share in cash, (NYSE: VCI)

Valassis Communications Inc : * Harland clarke holdings corp. to acquire Valassis for $34.04 per share incash * Says transaction value of approximately $1.84 billion * Says valassis' board of directors has recommended that its stockholderstender their shares in the transaction * Says Harland Clarke Holdings will finance the acquisition with cash on handand new borrowings * Harland Clarke has received committed financing from Credit Suisse, bofa

Valassis Communications, Inc. (Valassis) is a media delivery, providing over 15,000 advertisers and media solutions to influence consumers wherever they plan, shop, buy and share. Shares of VCI fell by 1.8% or $-0.52/share to $28.30. In the past year, the shares have traded as low as $23.69 and as high as $31.66. On average, 411711 shares of VCI exchange hands on a given day and today's volume is recorded at 810288.