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Alliance Data denies any renegotiation of Blackstone Capital deal
By Lisa Kerner
Charlotte, N.C., Nov. 29 - Alliance Data Systems Corp. said that despite market rumors to the contrary, the company has not been approached by Blackstone Capital Partners V LP or its affiliates to renegotiate the $81.75-per-share cash offer for Alliance Data.
In addition, Alliance Data confirmed that neither its board of directors nor the special committee "has met, is meeting or has scheduled any meeting regarding any renegotiation of the terms of the merger agreement," according to a company news release.
Under the terms of the May 17, 2007 merger agreement, Blackstone will acquire all of the outstanding common stock of Alliance Data for $81.75 per share in cash in a deal valued at some $7.8 billion.
Dallas-based Alliance Data provides marketing, loyalty and transaction services.
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