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Dec. 18, 2013, 9:57 AM
- MacAndrews & Forbes subsidiary Harland Clarke Holdings acquires Valassis Communications (VCI +21.2%) for $34.08/share (a 20.4% premium to yesterday's close), representing a deal value of $1.84B.
- The board of Valassis has recommended shareholders tender their shares.
- Close is expected in Q1 and after the Jan. 15 dividend.
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