Alliance Data Completes Acquisition of Bread®
COLUMBUS, Ohio, Dec. 4, 2020 /PRNewswire/ -- Alliance Data Systems Corporation (NYSE: ADS), a leading provider of data-driven marketing, loyalty and payment solutions, today announced it has completed the acquisition of Lon Inc., a technology-driven digital payments company operating under the trademark Bread, offering an omnichannel solution for retailers and platform capabilities to bank partners. The acquisition was completed under the terms of the previously announced definitive agreement entered into on October 28, 2020. Alliance Data's aggregate consideration for this acquisition, valued at approximately $450 million at signing and subject to customary closing purchase price adjust
