Valassis releases redacted version of lawsuit to public

Advo Inc., the largest direct mailer, shares fell sharply before Thursday’s market open, a day after Valassis Communications Inc., which agreed to acquire Advco for $1.3 billion in July, said it filed a lawsuit seeking to rescind its takeover proposal due to fraudulent behavior. Read fully story

Yesterday, Valassis Communications, Inc. sued ADVO, Inc. in the Delaware Chancery Court to rescind its $1.3 billion merger agreement based on fraud and material adverse changes. A redacted version of the complaint is now available at http://media.corporate- ir.net/media_files/irol/11/119431/vci083106.pdf. Valassis has asked ADVO to waive any arguable application of the confidentiality agreement related to the merger to allow the public to review all of the grounds to the lawsuit.