Alliance Data Systems (ADS) Announces New $500M Stock Buyback Plan
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Alliance Data Announces New Stock Repurchase Program
January 6, 2016 7:30 AM ESTDALLAS, Jan. 6, 2016 /PRNewswire/ -- Alliance Data Systems Corporation (NYSE: ADS), a leading global provider of data-driven marketing and loyalty solutions, today announced that its board of directors has approved a new stock repurchase program to acquire up to $500 million of the Company's common stock during 2016. The new repurchase program replaces the existing program, which expired at the end of 2015.
Repurchases will be financed through free cash flow. The Company expects to maintain moderate levels of debt over the course of the repurchase... More
