LIVONIA, MI—A Valassis Communications investor has filed suit against the company's board of directors, claiming it unfairly favored the $1.84 billion takeover bid from a company headed by billionaire Ron Perelman when it could have realized more money, The Detroit News reported.
Harland Clarke Holdings is commencing its tender offer for all outstanding shares of Valassis for $34.04 per share in cash. The tender offer is being made pursuant to the previously announced merger agreement dated December 17, 2013 between the companies.
Commercial Printing Industry News Briefs from Printing Impressions’ January 2014 edition, including North American Publishing Co., Harland Clarke Holdings (HCH) and Valassis, NAPL and AMSP, Bang Printing, IWCO Direct, RR Donnelley and Consolidated Graphics,
Harland Clarke Holdings, a leading provider of best-in-class integrated payment solutions and marketing services, and Valassis have entered into a definitive merger agreement under which Harland Clarke Holdings will acquire Valassis.
Commercial Printing Industry News Briefs from Printing Impressions’ May 2012 edition, including items on Harland Clarke, The Allied Group, Multi Packaging Solutions, Princeton Fulfillment Solutions, Kirkwood Holdings, Omaha Print, Integrated Book Technology and Carlos Barboza.
GLEN BURNIE, MD—Integrated payment, marketing services and security
solutions specialist Harland Clarke is cutting 125 jobs at its
facility here, a process that will be completed by June 2013,
according to The Baltimore Sun. The San
Antonio-based firm said that impacted employees are encouraged to
look for work elsewhere in the company's chain of facilities.
Payment and marketing services company Harland Clarke says it will
cut 125 jobs at its Glen Burnie (MD) facility, leaving 70 to 80
employees there as it moves printing and production work out of
state. The company expects the reductions will begin this summer
and end in June 2013.
Employees will be encouraged to apply for positions elsewhere in the San Antonio-based company, but will be eligible for transition assistance and severance packages...spokeswoman Donna Hinkelman said.
The printing and production work will be moved to North Carolina and Arizona, but support services—including graphics, finance and inventory management—will remain in the area
SAN ANTONIO—Harland Clarke is expanding its Statement Solutions offerings with new transpromotional marketing and operational capabilities. These enhancements, combined with the company’s proprietary analytics, will help Harland Clarke’s bank and credit union clients transform traditional account statements into targeted marketing communications via one-to-one messaging.
These new transpromotional marketing and operational capabilities, combined with the company’s proprietary analytics, will help Harland Clarke’s bank and credit union clients turn “ordinary” account statements into targeted marketing communications with effective one-to-one messaging.
SAN ANTONIO—Financial payments specialist Harland Clarke has installed a pair of Océ JetStream 2200 continuous-feed inkjet printing systems and Océ PRISMA workflow software to further automate print production in its payment solutions and marketing services business units.