Blackstone says complied with ADS deal obligations

Mon Mar 17, 2008 5:42pm EDT
 
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NEW YORK (Reuters) - Private equity and real estate firm Blackstone Group (BX.N) said on Monday it had complied with all its obligations under its deal to buy Alliance Data Systems Corp (ADS.N), a deal that has stalled amid regulatory issues.

ADS said on Monday that Blackstone Group was in breach of contract on its agreement to buy the credit-card transaction company.

"Nothing has changed," a Blackstone spokesman said in an e-mailed statement. "Blackstone has fully complied with all of its obligations under the merger agreement. Any claims to the contrary are absurd."

(Reporting by Megan Davies; Editing by Gary Hill)

 

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