Shares of Advo ( AD) were among the NYSE's winners Thursday, soaring 48% after the mailer of coupons and circulars agreed to be acquired by Valassis Communications ( VCI) for $37 a share, or $1.3 billion. The all-cash deal represents a 53% premium to Advo's Wednesday closing price of $24.26. Valassis will also assume about $125 million in debt. "This combination is a first in the media services industry and uniquely positions us to capture growth by anticipating the needs of the marketplace and evolving to meet them," Valassis said in a press release. Valassis expects the deal to be accretive to cash earnings during 2007. The combined company, meanwhile, expects 2007 earnings before interest, taxes, depreciation and amortization of $305 million to $315 million on revenue of about $2.65 billion. The acquisition should close within three to four months. Shares of Advo were trading up $11.65 to $35.91, while Valassis shares were trading down $3.16 to $20.06. Shares of Altria ( MO) jumped 7% after the Florida Supreme Court threw out a $145 billion damage award against tobacco companies. The award represented the largest ever by an American jury, which had ruled that tobacco companies lied about the dangers of cigarettes. Shares of Altria, the parent of Philip Morris, were up $4.79 to $78.12. Acuity Brands ( AYI) rose 6% after the provider of lighting and specialty chemicals posted third-quarter results that topped forecasts. For the quarter ended May 31, the company earned $28.7 million, or 63 cents a share, on revenue of $603.3 million. Analysts polled by Thomson First Call expected earnings of 57 cents a share on revenue of $583.4 million. During the year-earlier period, the company earned $19.7 million, or 44 cents a share, on revenue of $545.3 million. Acuity Brands also announced an additional stock repurchase plan. The company, which completed its previous 2-million-share buyback plan in June, said that it is now authorized to buy an additional 2 million shares, which represents about 4.5% of its outstanding shares. "We believe that a share repurchase program represents a wise use of our cash flow, also allowing us to offset dilution resulting from our stock-based compensation and benefit programs," the company said. Shares were trading up $2.56 to $42.07.