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Alliance Data Announces Expansion and Extension of Stock Repurchase Program

Courtesy of Benzinga.

Alliance Data Systems Corporation (NYSE: ADS) today announced that its board of directors has approved a new stock repurchase program to acquire up to $400 million of the Company’s common stock during 2012.

The program increases the Company’s combined repurchase authorizations to approximately $2.4 billion since the first quarter of 2008, of which approximately $1.9 billion has been used to purchase approximately 35.3 million shares, representing approximately 45 percent of the Company’s fully diluted shares outstanding when this program began in 2008. The new repurchase program replaces the existing program, which is scheduled to expire at the end of 2011.

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