UBS AG Raises Stake in ADVO (AD) to 8.2%

In an amended 13D filing on ADVO Inc. (NYSE: AD), UBS AG disclosed an 8.2% stake (2.6 million shares) in the company. This is up from the 6.6% stake (2.1 million shares) the firm disclosed in an 11/30 13D.

The firm said the stake was acquired for investment and proprietary trading purposes and not with the purpose or effect of changing or influencing control of the company.

In August, Valassis Communications, Inc. (NYSE: VCI) sued ADVO to rescind its $1.3 billion merger agreement with the company based on fraud and material adverse changes, alleging that ADVO management materially misrepresented the financial health of the company and failed to reveal internal control deficiencies.