Edwards

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

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