Market Overview

ADS Expands, Extends Buyback Program to ~$2.8B

Related ADS
Benzinga's Top Upgrades
Wall Street's New Data Pair Trade: Buy Alliance Data, Sell WEX
Alliance Data Expands Loyalty Business with Lowe???s Canada (Zacks)

Alliance Data Systems Corporation (NYSE: ADS), a leading provider of loyalty and marketing solutions derived from transaction-rich data, today announced that its board of directors has approved a new stock repurchase program to acquire up to $400 million of the Company's common stock during 2013.  The program increases the Company's combined repurchase authorizations to approximately $2.8 billion since the first quarter of 2008, of which approximately $2.0 billion has been used to purchase approximately 36.3 million shares, representing approximately 46 percent of the Company's fully diluted shares outstanding when this program began in 2008. The new repurchase program replaces the existing program, which expired at the end of 2012.

Posted-In: News Buybacks


Related Articles (ADS)

Get Benzinga's Newsletters