Alliance Data Systems Corp.,a provider of loyalty and marketing solutions, said Monday its LoyaltyOne business has agreed to acquire a 60% ownership stake in the Netherlands-based BrandLoyalty.
As per the terms, Alliance Data will acquire 60% of BrandLoyalty for about $360 million (cash plus assumed debt), and the amount can be increased via an earn-out payment based upon 2014 actual results
.The company also has the ability to acquire the remaining 40% ownership stake over a four-year period, 10% per year, based upon a predetermined....