Alliance Data To Pay $356M For Marketing Agency Aspen

Law360, New York (April 25, 2011, 6:48 PM EDT) -- Dallas-based Alliance Data Systems Corp.'s marketing services affiliate Epsilon said Monday that it would acquire privately held Illinois-based Aspen Marketing Services for $345 million.

Epsilon will add Aspen's management team and 750 employees as part of the deal, which will be slightly accretive to core earnings per share in 2011 and accretive to both generally accepted accounting principles earnings per share and core earnings per share afterwards. Aspen is projected to garner $250 million in revenues and $40 million in earnings before interest, taxes depreciation and...
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