Alliance Data to Separate Card Services and Loyalty Businesses
- The Company concludes comprehensive review of strategic alternatives; announces plan for tax-free spinoff of LoyaltyOne® segment with separation expected by year-end 2021
- Transaction expected to strengthen Alliance Data s balance sheet and improve key ratios
- Separation consistent with Alliance Data s strategic focus as a leading payment and lending solutions business
- Planned spinoff expected to unlock growth potential for LoyaltyOne segment as a standalone data-driven, tech-enabled global loyalty solutions provider
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COLUMBUS, Ohio, May 12, 2021 /PRNewswire/
Alliance Data Systems Corporation (NYSE: ADS), a leading provider of data-driven marketing, loyalty and payment solutions, today announced its intention to spin off its LoyaltyOne segment, comprising its Canadian AIR MILES