Monday, January 22, 2007

Prides Capital Accumulates 5.4% Stake in Valassis Communications (VCI)

In a 13D filing on Valassis Communications (NYSE: VCI) after the close Friday, Prides Capital Partners disclosed a 5.4% (2.6 million share) stake in the company.

In a pretty standard disclosure, Prides said, while it has no current plans, they may engage in communications with management and the board of directors of the company, including but not limited to its operations.

The firm disclosed purchasing a significant portion of their stake from 12/18 thru 01/18 at prices from $13.49 to $15.02.

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