Burdensome Conditions To Regulatory Approvals

Law360, New York (May 14, 2008, 12:00 AM EDT) -- On May 17, 2007, the Blackstone Group announced that its private equity fund, Blackstone Capital Partners V LP, had agreed to acquire Alliance Data Systems Corp. (“ADS”), a publicly traded credit card service provider, for $7.8 billion (including the assumption of debt), approximately a 30% premium over ADS’s market capitalization at the time.

The transaction was subject to customary closing conditions, including approval of ADS’s shareholders and applicable regulatory authorities. The deal was expected to close by the end of the year.

On Aug. 8, 2007,...
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