ALLIANCE DATA SYSTEMS CORPORATION (NYSE:ADS) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
release announcing that its Columbus, Ohio-based card services
business, a premier provider of branded private label, co-brand,
and commercial credit programs, and Signet Jewelers, the largest
specialty jewelry retailer in the U.S., signed an agreement under
which Alliance Data will acquire the approximately $1 billion
prime-only credit quality portion of Signet’s total private
label portfolio. In addition, the two companies entered into a
long-term agreement where Alliance Data will become the primary
issuer of private-label credit cards and related marketing
services for Signet. Alliance Data will also acquire a portion of
Signet’s existing customer care operations in Ohio, including
approximately 250 employees, as part of the transaction. Closing
of the transaction is expected in the fourth quarter of 2017,
subject to regulatory approval and customary closing conditions.
A copy of this press release is attached hereto as Exhibit 99.1.
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Exhibit No.
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Document Description
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99.1
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Press release dated May 25, 2017 announcing agreement with
Signet Jewelers. |
shall not be deemed “filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject
to the liabilities of that section, nor shall it be deemed
incorporated by reference in any filing under the Securities Act
of 1933, as amended, except as expressly set forth by specific
reference in such a filing.
About ALLIANCE DATA SYSTEMS CORPORATION (NYSE:ADS)
Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries. The Company offers a portfolio of integrated outsourced marketing solutions, including customer loyalty programs, database marketing services, end-to-end marketing services, analytics and creative services, direct marketing services, and private label and co-brand retail credit card programs. The Company operates through three segments: LoyaltyOne, which provides coalition and short-term loyalty programs through the Company’s Canadian AIR MILES Reward Program and BrandLoyalty; Epsilon, which provides end-to-end, integrated marketing solutions, and Card Services, which provides risk management solutions, account origination, funding, transaction processing, customer care, collections and marketing services for the Company’s private label and co-brand retail credit card programs. ALLIANCE DATA SYSTEMS CORPORATION (NYSE:ADS) Recent Trading Information
ALLIANCE DATA SYSTEMS CORPORATION (NYSE:ADS) closed its last trading session up +1.50 at 237.71 with 433,787 shares trading hands.