Friday, November 30, 2007

Alliance Data Denies Renegotiation Rumors

Dallas-based Alliance Data released a statement Thursday evening, denying market rumors that the firm was renegotiating the $6.43 billion deal to take the company private with Blackstone Group. The firm said that Alliance Data has not been approached by Blackstone or its affiliates about any renegotiation of the $81.75 per share offer for the firm. Rumors of a negotiation had put pressure on the firm's shares earlier in the day.