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.

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.

UBS AG Raises Stake in ADVO (AD) to 5.6%

In a 13D filing on ADVO Inc. (NYSE: AD) after the close Friday, UBS AG disclosed a 5.57% stake (1.77 million shares) in the company. This is up from the 618K stake the firm disclosed in a 13F filing for the quarter ended September 30, 2006.

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.