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Noonday sells shares of Alliance Data Systems
By Angela McDaniels
Tacoma, Wash., March 13 - Alliance Data Systems Corp. investors led by Noonday Asset Management, LP decreased their stake in the company to 6.9% from 9.9% with the sale of 2,304,500 shares between Feb. 11 and March 10.
The shares sold for $43.50 to $55.12 each, according to a schedule 13D filing with the Securities and Exchange Commission.
The investors beneficially own 5,490,500 shares of the Dallas-based marketing, loyalty and transaction services company's common stock.
Noonday held a 7.9% stake in the company on Nov. 14 and a 5.3% stake on Oct. 15.
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