Alliance Data: Shareholder approval puts buyout on track to close in fourth quarter

By Lisa Kerner

Charlotte, N.C., Aug. 8 - Stockholders of Alliance Data Systems Corp. voted to adopt the merger agreement in which Blackstone Capital Partners V, LP, an affiliate of the Blackstone Group, will acquire Alliance Data for approximately $7.8 billion, or $81.75 cash per share.

Of the shares voted, 99.67% were in favor of the deal, the company said.

The leveraged buyout was announced on May 17, and the transaction is expected to close in the fourth quarter.

Dallas-based Alliance Data provides marketing, loyalty and transaction services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.