Valassis to acquire MaxPoint Interactive for $95M

Valassis to acquire MaxPoint Interactive for $95M

MaxPoint Interactive Inc. of Morrisville is being acquired by Valassis Communications Inc., a Michigan-based provider of media and marketing services, for $95 million. The news sent MaxPoint’s stock up 149% in trading Monday, closing at $13.70 per share. MaxPoint, a digital marketing tech company, has nearly 400 employees worldwide. The deal is slated to close in the fourth quarter.

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