ENGLEWOOD CLIFFS, N.J., Dec. 18, 2013 (GLOBE NEWSWIRE) -- Gardy & Notis, LLP, a national law firm advocating for stockholder rights, is investigating whether the Board of Directors of Valassis Communications Inc. ("Valassis" or the "Company") breached their fiduciary duties in connection with the buyout of the Company by Harland Clarke Holdings Corp. ("Harland Clarke"), which is owned by billionaire Ron Perelman's investment company MacAndrews & Forbes Holdings Inc.
If you are a Valassis stockholder and wish to discuss this investigation or have any questions concerning your rights and interests, you may contact our Firm by calling (800) 256-8511 or (201) 567-7377, or contacting the attorneys named below.
On December 18, 2013, Valassis and Harland Clarke announced that they entered into a merger agreement pursuant to which Harland Clarke will acquire all outstanding shares of the Company. Under the terms of the buyout, Valassis stockholders will receive $34.04 in cash for each share. The investigation focuses on: (1) whether Valassis' Board of Directors and Harland Clarke violated applicable law by directly breaching and/or aiding breaches of fiduciary duties of loyalty and due care owed to the public stockholders of Valassis; and (2) whether the buyout undervalues the Company.
If you invested in Valassis stock and would like to discuss your legal rights, call Mark Gardy or Charles Germershausen at (800) 256-8511 or (201) 567-7377, or e-mail firstname.lastname@example.org or email@example.com. Gardy & Notis, LLP also encourages anyone with information regarding Valassis's conduct to contact the firm, including whistleblowers, former employees, stockholders and others.
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