Luxembourg

An explosion occurred at Flint Group’s manufacturing site in Slough, UK followed by a fire. The site was evacuated and the fire was quickly brought under control by local fire brigades. The cause of the explosion is not known yet.

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