Wednesday, January 30, 2008
Dallas-based Alliance Data sues the Blackstone Group
Email
|
Print
|
Tell us your story
|
Comment
|
Photo not provided by Alliance Data
The suit insinuates that the equity group doesn't have the stones to go through with the deal
DALLAS — According to this story in the Dallas Business Journal, it appears Dallas-based credit card transaction-processing company Alliance Data is suing private equity group Blackstone in an effort to force the group to close it's purchase of Alliance Data.
The company's $6.4 billion acquisition of ADS has hit a few regulatory snags, and Blackstone had recently backpedaled from the deal. Blackstone had agreed in May of last year to pay more than $81 per share for the company's stock, which as of this morning was hovering at around half that.
Posted by Todd M.
See more stories in:
Find...
Today
Beardathon featuring Cas Haley / The Slack / Queen for a Day / Naked Lunch / Backsliders Fundraiser for John "Beard" Brewer, who is still paying off medical debts incurred after his seizure a year ago. They don't call him the world's best doorman for nothing. More info
Latest comments
- mlearner on Dead fetus left at fire station on Greenville Avenue in Dallas: I’m sure the firefighter meant that it appeared the surely-grieving, would-be mother treated the fet...
- Andrew Laska on Dallas should rename Ross Avenue for Cesar Chavez: Bill Betzen, You aren’t answering the question. I am asking YOU (and not a committee and not a book)...
- ClevelYv on Colorado-based Natural Grocers opens first Dallas-area branch in Richardson: Come to N. Oak Cliff…please!!!...
- Teresa Gubbins on Concert Review: Maroon 5 and the Counting Crows at Superpages.com Center (September 6): review from Star Telegram here...
Latest reviews
- DC on Aurora: Setting: lunch review Overall: awesome First straight ticket 5s. Damn. Sure, all diners know you can...
- dmacfar139 on AllGood Cafe: Definitely must add redundancy to the raves already posted here. Tried it this morning for the first...
- dmacfar139 on Ali Baba (Richardson): This place gets a good weekday lunch crowd. Nice mix of folks, working and not. The buffet at these ...
Things you can't miss
Latest stories
- Colorado-based Natural Grocers opens first Dallas-area branch in Richardson
- Dead fetus left at fire station on Greenville Avenue in Dallas
- Dallas police officer hits tree, sustains injuries in high-speed chase
- Dallas officials going door-to-door to beg childrens not to drop out of school
- Two new hires start at Dallas Symphony Orchestra this week
Post a comment
(Requires free PegasusNews.com account.)