Alliance Data (ADS) Enters Into a Stipulation of Settlement
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Alliance Data Systems Corporation (NYSE: ADS) announced that on May 21, 2008, it had entered into a Stipulation of Settlement to settle claims filed subsequent to its May 17, 2007, announcement that it had entered into an Agreement and Plan of Merger to be acquired by Blackstone Capital Partners V L.P., an affiliate of The Blackstone Group.
On May 22, 2008, the Court overseeing those claims preliminarily approved the class action settlement. The Settlement Class covered by the Stipulation of Settlement includes: all persons or entities who were record or beneficial holders of ADSC common stock at any time during the period from (and including) May 17, 2007 through August 14, 2007, including the legal representatives, heirs, successors in interest, transferees, and assigns of all such foregoing holders and/or owners. Excluded from the Settlement Class are The Blackstone Group and its affiliates, ADSC's board members, and certain persons related to them.[SM]
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