Acquisition of Valassis Communications, Inc. by Harland Clarke Holdings Corp. May Not Be in Shareholders’ Best Interests
Robbins LLP are investigating the acquisition of Valassis Communications, Inc. (NYSE: VCI) by Harland Clarke Holdings Corp., a wholly owned subsidiary of MacAndrew & Forbes Holdings Inc. On December 18, 2013, Harland Clarke announced the signing of a definitive merger agreement pursuant to which the company will acquire all outstanding shares of Valassis for $34.04 per share in cash.
Is the Proposed Merger Best for Valassis and Its Shareholders?
Robbins LLP’s investigation focuses on whether the board of directors at Valassis is undertaking a fair process to obtain maximum value and adequately compensate Valassis shareholders in the merger. Specifically, the investigation concerns whether the Valassis board conducted an adequate auction process in order to maximize shareholder value.
Valassis shareholders have the option to file a class action lawsuit to ensure the board of directors properly evaluates the proposal to obtain the best possible price for shareholders and the disclosure of material information.
Valassis shareholders interested in information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.