Alliance Data Spins Off LoyaltyOne Into Public Company Loyalty Ventures
November 8, 2021
Alliance Data Systems completed the previously announced separation of its LoyaltyOne segment into an independent, publicly traded company called Loyalty Ventures (ticker: LYLT). The separation was executed via a pro rata distribution of 81% of Loyalty Ventures shares to Alliance Data shareholders, with Alliance Data retaining 19% to divest later; the move was intended to simplify Alliance Data’s business and allow each company to focus on its core strategy.
- Targets
- Loyalty Ventures
- Sellers
- Alliance Data Systems Corporation
- Industry
- Marketing & Advertising
- Location
- Ontario, Canada
- Transaction Type
- Divestiture
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