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Friday, September 12, 2014

Deals of the day- Mergers and acquisitions, (NYSE: ADS)

The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday: ** Credit card processor Alliance Data Systems Corp said it would purchase Conversant Inc for about $2.3 billion in cash and stock to boost its digital marketing business.** Danish unlisted energy firm Danfoss A/S has offered to buy Finnish electric drive maker Vacon Oyj for about 1.04 billion euros ($1.34 billion), the companies said on Friday.

Alliance Data Systems Corporation is a provider of transaction-based, data-driven marketing and loyalty solutions serving consumer-based businesses in a variety of industries. Shares of ADS fell by 2.45% or $-6.34/share to $252.87. In the past year, the shares have traded as low as $203.62 and as high as $300.49. On average, 540381 shares of ADS exchange hands on a given day and today's volume is recorded at 874743.