Alliance Data Systems Corp. announced the final results of its modified Dutch auction tender offer. According to depositary Computershare Trust Company, N.A., 12,099,724 shares of Alliance Data common stock were properly tendered and not properly withdrawn at or below the purchase price of $162 per share.
Not all shares tendered through notice of guaranteed delivery were delivered within the required settlement period.
Alliance Data plans to purchase 5,050,505 shares at a price of $148.50 per share, for approximately $750 million, excluding fees and expenses relating to the tender offer. These shares represent approximately 9.92 percent of the shares outstanding as of Aug. 14, 2019. The final proration factor for shares that Alliance Data has purchased pursuant to the tender offer is approximately 91.72 percent.
J.P. Morgan Securities LLC, Mizuho Securities USA LLC and SunTrust Robinson Humphrey, Inc. acted as dealer managers for the tender offer.
