Alliance Data to Separate Card Services and Loyalty Businesses
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 News p...
Source: prnewswire.com