Prides Capital buys more shares of Valassis

By Lisa Kerner

Charlotte, N.C., Jan. 22 - Valassis Communications Inc. investors led by Prides Capital Partners, LLC bought 8,500 shares of the company's stock for $11.15 each.

The shares were purchased on Jan. 10 and Jan. 11, according to a schedule 13D filing with the Securities and Exchange Commission.

The investors beneficially own 3,552,200 shares, or 7.4%, of the Livonia, Mich.-based marketing company.

On July 31, Prides Capital reported a 6.4% stake in the company.

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