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Alliance Data expected to sell for $6.76 billion
May 17, 2007
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ClaudeReuters:The Blackstone Group has announced plans to buy Dallas-based Alliance Data Systems Corp., a business-services company that provides transaction, credit and marketing services, for $6.76 billion. The purchase plan follows the $683 million TransFirst buyout announced earlier this week. But according to a May 18 Associated Press update, one industry analyst suspects a rival bidder could pull the deal out from under Blackstone's feet, saying that ADS is worth more than what Blackstone is offering.
Read also,BREAKING: First Data to sell for $29 billion.
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