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Mergers and Acquisitions

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Have $1 Billion, Will Spend

Alliance Data is building its war chest in anticipation of serious deal-making. An interview with Charles Horn, CFO, Alliance Data Systems.

February 1, 2012

As companies invest more money in customers — both to win them and to analyze their preferences and behaviors — Alliance Data Systems (ADS) is positioned to reap the rewards. Based in Dallas, the affinity-card and customer-loyalty program provider outperformed the generally sluggish economy last year, watching its sales and earnings grow and its share price soar as all three of its divisions — private-label and co-branded credit cards, loyalty marketing, and a Canadian marketing business — benefited from a recovery in consumer credit and an increase in retailers' spending on loyalty programs. Read more...

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More Mergers and Acquisitions Articles

  • Making M&A Safer

    Here are four ways companies can mitigate some of the largest risks of acquiring another business. February 1, 2012

  • Holding On to Family Ties

    How one family business forged an unusual partnership with a private-equity firm. January 31, 2012

  • Bain or Blessing?

    The buyout industry is under attack for destroying jobs. Its returns to investors are the real problem. January 31, 2012

  • Mergers under a Microscope?

    A busy year for the Department of Justice, yes, but it probably does not signal a trend. December 1, 2011

  • Gearing Up

    Manufacturers pick up the pace amid predictions of a U.S. resurgence. December 1, 2011

  • Post-Occupied

    Tepid demand, thin margins, new regulations, investor caution – and a lingering public-relations problem. No wonder banks are nervous. December 1, 2011

  • M&A's Preholiday Upswing

    A couple of large deals bring some optimism, but 2012 projections are bearish. November 22, 2011

  • Deal Terms: Advantage, Buyer

    A new study shows acquirers have their choice of target companies, and deal agreements are more buyer friendly. November 4, 2011

  • Still Dealing in Doubt

    Midsize acquisitions dominate, as lack of confidence in the economy lingers. October 26, 2011

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