Not a big surprise- ADVO shareholders today approved the revised acquisition agreement under which the company will be acquired by Valassis. According to the Associated Press, “Valassis will buy all outstanding common shares of Advo for $33 per share in cash, or about $1.08 billion. The company also assume about $125 million in existing Advo long-term debt.”

This entry was posted on Thursday, February 22nd, 2007 at 9:07 pm and is filed under ADVO. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.