Four months after getting into hot water for a price-fixing scheme, Valassis Communications Inc. is back in the Federal Trade Commission’s sights after announcing Thursday, July 6, it is merging with Advo Inc. in a $1.3 billion deal.

The deal will face antitrust review at the FTC, which entered into a consent decree in March with Valassis arising from comments president and CEO Alan Schultz made in a July 2004 conference call.

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