Valassis, ADVO Settle, Merge
LIVONIA, MI—After several months of acrimony, Valassis and ADVO have decided to patch their differences and merge. The sides have dropped their chancery court case and will move under one roof via a renegotiated $1.2 billion deal, at $33 per share for the outstanding common shares of ADVO stock. The deal is expected to close in the first quarter of 2007.

Bowne Buys St Ives Financial
NEW YORK—Bowne & Co. is acquiring St Ives Financial, the financial printing division of St Ives plc. Terms of the deal were not revealed. St Ives, which is keeping its annual report printing business, has financial printing operations here, Philadelphia, London, Tokyo and Luxembourg.

DuBose New CEO at Vertis
BALTIMORE—Michael DuBose has been named chairman and CEO by Vertis Communications, effective immediately. DuBose assumes the CEO position from Dean Durbin, who resigned. Durbin has been CEO since last February and president since November of 2004. DuBose assumes the chairman’s position from Donald Roland, who will remain on the board of directors.

Seiz Names Gapen President
ACWORTH, GA—Seiz Printing has tapped Darren Gapen as its new president. Gapen has more than 28 years of experience in the printing industry, including stints with Williamson Printing in Dallas and Bradley Printing of Des Plaines, IL. Most recently, he served as president of D.G. Print Solutions, Woodstock, GA.

New Post for KBA’s Sammeck
DRESDEN, GERMANY—Ralf Sammeck, president and CEO of KBA North America, is leaving his post in August to become vice president of sales at the company’s sheetfed division here. Sammeck will replace Andreas Mossner, who has accepted an appointment as managing director of KBA’s Austrian subsidiary. KBA has not announced who will succeed Sammeck as president and CEO of the newly combined North American sheetfed and web divisions in Vermont.

Flyer Deal for Transcontinental
MONTREAL—Transcontinental Inc. has inked a five-year, (C)$350 million contract to print flyers for retailer Hudson’s Bay Company’s various stores, including Zellers, The Bay, Home Outfitters and its loyalty programs. The pact includes use of Transcontinental’s value-added product and service offering that supports its flyer printing capabilities, including catalog printing and flyer distribution.

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