Key Developments: Alliance Data Systems Corp (ADS)

ADS on New York Consolidated

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26 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Alliance Data completes acquisition Of Conversant
Wednesday, 10 Dec 2014 09:15am EST 

Completes the acquisition of Conversant, Inc:Pursuant to the terms of the previously announced Agreement and Plan of Merger, dated as of Sept. 11, by and among Alliance Data, Conversant and Amber Sub LLC, a wholly-owned subsidiary of Alliance Data (Merger Sub).On Dec. 10, Conversant merged with and into Merger Sub, with Merger Sub continuing as the surviving entity and a direct wholly-owned subsidiary of Alliance Data.Concurrently with the closing of the Merger, Merger Sub changed its name to Conversant LLC.Parties have determined that the Merger is structured as a forward merger for tax considerations.In Merger, Alliance Data paid a total of about $991.5 mln in cash and issued about 4,608,630 shares of Alliance Data common stock to former stockholders of Conversant.Will grant equity awards representing about 231,354 shares of Alliance Data common stock in respect of the Conversant equity awards converted into Alliance Data equity awards in the Merger.Cash component of the merger consideration was funded by Alliance Data with borrowings under its credit agreement.  Full Article

Alliance Data Systems Corp reaffirms FY 2014 revenue guidance and raises EPS guidance
Thursday, 16 Oct 2014 07:31am EDT 

Alliance Data Systems Corp:Expects FY 2014 revenue of $5.30 bln.Raises FY 2014 core EPS to $12.40.FY 2014 revenue of $5.30 bln - Thomson Reuters I/B/E/S.  Full Article

Alliance Data's canadian loyalty business signs new, long-term agreement with canadian pharmacy retailer
Tuesday, 14 Oct 2014 07:29am EDT 

Alliance Data Systems Corp:Says its Canadian coalition loyalty business signed a new, long-term agreement with privately-held Katz Group Canada Ltd.Agreement enables Katz Group Canada, under the banners Rexall, Rexall Pharma Plus and Pharma Plus, to issue AIR MILES reward miles in Manitoba, Saskatchewan, Alberta and British Columbia, as well as continue in Ontario, effective Oct. 31.  Full Article

Alliance Data Systems Corp to acquire Conversant for about $2.3 bln
Thursday, 11 Sep 2014 04:02pm EDT 

Alliance Data Systems Corp:Says execution of a definitive agreement whereby Alliance Data will purchase Conversant Inc.Under the terms of the agreement, Alliance Data will acquire all outstanding shares of conversant for a combination of cash and stock valued at about $2.3 bln, or $35 per Conversant share.Purchase price, structured to be paid with about 48 pct cash and 52 percent ADS shares, represents 10x Conversant's expected forward adjusted EBITDA of $230 mln for 2015.Transaction is subject to regulatory approval and customary closing conditions, and is expected to close by year end.  Full Article

Alliance Data signs agreement with BJ's Wholesale Club for industry-leading mastercard branded credit card program
Tuesday, 29 Jul 2014 07:30am EDT 

Alliance Data Systems Corp:Signs new long-term agreement to provide co-brand credit card services for BJ's Wholesale Club.The BJ's credit program will convert to MasterCard (MA), technology company in the global payments industry.Alliance Data will launch a marketing and insights-driven co-brand credit card program customized for BJ's this fall.Alliance Data plans to purchase BJ's existing portfolio of co-brand credit card accounts, enabling a smooth transition to current BJ's cardholder.Portfolio size will make it one of Alliance Data's largest.Details of the purchase price were not disclosed, other than to note it is well within norms of the industry.Alliance Data believes that the performance of the acquired portfolio will be consistent with its overall co-brand credit card portfolio, and all new co-brand credit card accounts will be consistent with Alliance Data's credit quality standards.BJ's card portfolio will transition to MasterCard and can be used anywhere MasterCard is accepted across the globe.In the spring of 2015, the entire BJ's credit portfolio will be converted to chip-enabled MasterCard credit cards.  Full Article

Alliance Data Systems Corp gives Q3 2014 guidance below analysts' estimates; raises FY 2014 guidance
Thursday, 17 Jul 2014 07:30am EDT 

Alliance Data Systems Corp:Expects Q3 2014 of about $1.30 bln in revenue and $3.25 in core EPS.Raises FY 2014 guidance from $5.25 bln to $5.30 bln in revenue and from $12.25 to $12.35 in core EPS.The revised guidance reflects revenue and core EPS increases of 23 pct (9 pct organic) and 23 pct.Q3 2014 revenue of $1.348 bln and EPS of $3.49 - Thomson Reuters I/B/E/S.FY 2014 revenue of $5.274 bln and EPS of $12.35 - Thomson Reuters I/B/E/S.  Full Article

Alliance Data's canadian loyalty business signs new multi-year agreement with Moneris
Thursday, 15 May 2014 07:00am EDT 

Alliance Data Systems Corp:Its Canadian coalition loyalty business signed a multi-year agreement with Moneris Solutions Corp.Moneris will begin to offer small- to mid-market and above merchants AIR MILES reward miles for newly acquired payment processing services.Additional merchant and customer reward miles issuance growth opportunities will also soon be offered.  Full Article

Alliance Data Systems Corp gives Q2 2014 outlook, Q2 2014 EPS outlook below analysts' estimates; Raises FY 2014 outlook
Thursday, 17 Apr 2014 07:30am EDT 

Alliance Data Systems Corp:Sees Q2 2014 revenue of about $1.25 bln.$2.70 in core EPS, increases of 22 pct (nine pct organic) and 12 pct, respectively.Raises FY 2014 revenue from $5.14 bln to $5.25 bln.EPS from $12.20 to $12.25 in core EPS.The revised guidance reflects revenue and core EPS increases of 22 pct (nine pct organic) and 22 pct, respectively, for FY 2014.Q2 2014 revenues of $1.24 bln and EPS of $2.93 - Thomson Reuters I/B/E/S.FY 2014 revenues of $5.19 bln and EPS of $12.30 - Thomson Reuters I/B/E/S.  Full Article

Alliance Data Systems Corp signs long term renewal agreement with Ann Inc
Thursday, 10 Apr 2014 07:30am EDT 

Alliance Data Systems Corp:Signed a long-term renewal agreement to continue providing private label and co-branded credit card services for Ann Inc brands Ann Taylor and LOFT.  Full Article

Alliance Data Systems Corp signs agreement with International diamond distributors
Tuesday, 8 Apr 2014 07:30am EDT 

Alliance Data Systems Corp:Retail Services business, signed multi-year agreement.To provide private label credit card services for International Diamond Distributors (IDD).  Full Article

Alliance Data to buy Conversant for $2.3 billion

- Credit card processor Alliance Data Systems Corp said it will buy Conversant Inc for about $2.3 billion in cash and stock to boost its digital marketing business.

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