Printer Friendly
The Free Library
14,709,930 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

ADVO Stockholders Approve Amended Merger Agreement with Valassis.


WINDSOR, Conn. -- ADVO, Inc. (NYSE NYSE

See: New York Stock Exchange
: AD) announced that at a special meeting today its stockholders approved the amended a·mend  
v. a·mend·ed, a·mend·ing, a·mends

v.tr.
1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive.

2.
 Merger Agreement with Valassis Communications, Inc. (NYSE: VCI VCI Verband Der Chemischen Industrie (German: federation of chemical Industries)
VCI Virtual Channel Identifier (used in Asynchronous Transfer Mode)
VCI Veterinary Council of India
VCI Virtual-Circuit Identifier
). The merger is expected to close during the first half of March 2007.

SAFE HARBOR Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 AND FORWARD LOOKING STATEMENTS

This press release may contain certain statements regarding ADVO's business outlook, prospects, future economic performance, anticipated profitability, revenues, expenses or other financial items, future contracts, market opportunities, timing of closing the Valassis merger and other statements that are not historical facts. Such statements are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Such forward looking statements are based on current information and expectations and are subject to risks and uncertainties which could cause ADVO's actual results and the timing of the merger closing to differ materially from those in the forward looking statements. ADVO's business is promotional in nature, and ADVO serves its clients on a "just in time" basis. As a result, fluctuations in the amount, timing, pages, weight, and kinds of advertising pieces can vary significantly from period to period, depending on its customers' promotional needs, inventories, and other factors. In any particular period these transactional fluctuations are difficult to predict, and can materially affect ADVO's revenue and profit results. ADVO's business contains additional risks and uncertainties which include, but are not limited to: general changes in customer demand and pricing; the possibility of consolidation in the retail sector; the impact of economic or political conditions on advertising spending and ADVO's distribution system; postal and paper prices; possible governmental regulation or legislation affecting aspects of ADVO's business; the efficiencies achieved with technology upgrades; the efficiencies realized with outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management.  and other cost saving initiatives; fluctuations in interest rates and other general economic factors; the outcome of pending shareholder lawsuits; and the timing for the closing of ADVO's merger agreement with Valassis. Additional risks include, but are not limited to, those identified in the Company's form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 for fiscal 2006 and Form 10-Q Form 10-Q

See 10-Q.
 for the first fiscal quarter of 2007.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Feb 22, 2007
Words:355
Previous Article:Global Payment Technologies, Inc. Reports Transfer to NASDAQ Capital Market.
Next Article:Fitch Upgrades 2 Classes from Asset Backed Funding Corp Series 1999-1.
Topics:



Related Articles
ADVO Declares Quarterly Dividend.
ADVO Announces Date for Special Stockholder Meeting to Vote on Merger Agreement.
ADVO Says Valassis Lawsuit is without Merit; Will Take Action to Enforce the Merger Agreement.
BRIEFCASE.(Business)
ADVO Responds to Valassis' Meritless Claims.
ADVO Mails Supplemental Proxy Materials for Special Meeting of Stockholders on September 13, 2006, to Vote on Proposal to Adopt Merger Agreement.
ADVO Issues Statement.
ADVO Sues Valassis to Enforce Merger Agreement.
ADVO Announces Date for Special Stockholder Meeting to Vote on Amended Merger Agreement.
Valassis Selects Coupons, Inc. to Power New Online Savings Portal.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles