Valassis Nixes ADVO Deal LIVONIA, MI—Alleging fraud, Valassis Com­munications has sued ADVO in chancery court to rescind its $1.3 billion merger agreement. Valassis alleges ADVO intentionally provided false information and “withheld material information” regarding operating income. The suit also alleges ADVO executives knew of significant internal control deficiencies associated with ADVO’s order-to-cash system. ADVO sees the move as “merely a smokescreen to hide the fact that Valassis is suffering from an extreme case of buyer’s remorse,” and plans to contest the action. Quad Hits the West Coast SUSSEX, WI—Quad/Graphics has ventured west with the acquisition of Craftsman Press West, based in Reno, NV. The facility becomes Quad’s

Creo Products has appointed Mark Dance to the position of CFO. Dance retains his position as COO and will continue to serve as a director of the company. Dance replaces Michael Graydon who will continue with the company in an advisory role. Graydon is scaling back his responsibilities in order to pursue a greater balance in his family and work life. Also, Creo has appointed Judi Hess to fill the position of president, graphic arts. Hess has held the position of corporate vice president, printing workflow solutions, since April 2000. Goss Graphic Systems has reached an agreement in principle for the sale of substantially

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