Alliance Data Issues Statement
DALLAS, Nov. 29 / -- Alliance Data Systems Corporation (NYSE:ADS), a leading provider of loyalty and marketing solutions derived from transaction-rich data, is today issuing a statement in response to certain rumors in the market regarding the status of Alliance Data's definitive agreement to be acquired by Blackstone Capital Partners V L.P., an affiliate of The Blackstone Group, in a transaction valued at approximately $7.8 billion, including the assumption of certain debt. Under the terms of the merger agreement, Blackstone will acquire all of the outstanding common stock of Alliance Data for $81.75 per share in cash.
While it is has been and remains Alliance Data's policy not to address market rumors, in the interest of its stockholders, management is today confirming that Alliance Data has not been approached by Blackstone or its affiliates regarding any renegotiation of the $81.75 per share cash purchase price to be paid to holders of Alliance Data common stock under the terms of the agreement and plan of merger entered into on May 17, 2007 among Alliance Data, Aladdin Holdco, Inc. and Aladdin Merger Sub, Inc. Further, Alliance Data is today confirming that neither its board of directors nor the special committee of the board of directors formed in connection with the transactions contemplated by the merger agreement has met, is meeting or has scheduled any meeting regarding any renegotiation of the terms of the merger agreement. The parties continue to work together to consummate the transaction.
Alliance Data has no intention, and specifically disclaims any obligation, to provide any update with respect to the matters addressed in this release or to otherwise address any rumors in the market generally, and Alliance Data's policy with respect to addressing market rumors remains in place.
Source: Alliance Data Systems Corporation
CONTACT: Analysts, Investors, Ed Heffernan, +1-972-348-5196, Ed.Heffernan@alliancedata.com, or Media, Shelley Whiddon, +1-972-348-4310, Shelley.whiddon@alliancedata.com, both of Alliance Data Corporation
Web site: http://www.alliancedata.com/
