Alliance Data stockholders to vote Aug. 8 on Blackstone acquisition

New York, July 5 - Alliance Data Systems Corp. announced that it will hold a special meeting of stockholders on Aug. 8 to vote on the proposed acquisition of the company by Blackstone Capital Partners V LP, an affiliate of the Blackstone Group, for about $7.8 billion, including debt, or $81.75 cash per share.

The leveraged buyout was announced on May 17.

Alliance Data's board unanimously approved the agreement.

Dallas-based Alliance Data provides marketing, loyalty and transaction services.

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