April 10, 2017 / 8:45 PM / 3 months ago

RetailMeNot to be bought by Harland Clarke

1 Min Read

(Reuters) - Online coupon provider RetailMeNot Inc SALE.O said it had agreed to be bought by Harland Clarke Holdings Corp for about $555 million, according to Reuters' calculation.

Harland Clarke, owned by billionaire Ron Perelman's investment company MacAndrews & Forbes Inc, has offered $11.60 per share for each RetailMeNot share, representing a premium of 49.7 percent to the stock's Monday close.

(Corrects paragraph 1 to say deal value is based on Reuters' calculation; removes reference to deal value from headline.)

Reporting by Narottam Medhora in Bengaluru; Editing by Anil D'Silva

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below