Prides Capital cuts stake in Valassis Communications

By Lisa Kerner

Charlotte, N.C., June 13 - Valassis Communications Inc. investors led by Prides Capital Partners, LLC sold 555,800 shares of the company's stock priced from $14.07 to $16.59 each.

The shares were sold between May 14 and June 12, according to a schedule 13D filing with the Securities and Exchange Commission.

The investors beneficially own 2,909,200 shares, or 6.1%, of the Livonia, Mich.-based marketing company.

On Jan. 22, Prides Capital reported a 7.4% stake in the company.

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