Wachtell Lipton Guides Harland Clarke In $1.84B Valassis Buy

Law360, New York (December 18, 2013, 12:24 PM EST) -- Check maker Harland Clarke Holdings Corp., has agreed to a $1.84 billion takeover of Valassis Communications Inc. in a deal to take the publicly traded media delivery company private, the companies said Wednesday.

Harland Clarke, a subsidiary of billionaire Ronald Perelman's MacAndrews & Forbes Holdings Inc., will acquire the outstanding shares of Valassis for $34.04 per share, the companies said — a 20.3 percent premium over Valassis’ Tuesday closing share price of $28.30. The deal will be completed through a tender offer by an acquisition subsidiary...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.