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Article: Groupe Aeroplan to Acquire Carlson Marketing.
- Article from:
- Biotech Week
- Article date:
- November 18, 2009
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Groupe Aeroplan Inc. (TSX: AER), a leading international loyalty management corporation, headquartered in Canada, announced that it has entered into an agreement with Carlson Companies, Inc. (CCI) to purchase Carlson Marketing, a privately-owned, US-based loyalty marketing services provider for a net purchase price of US$175.3 million (Cdn$188.0 million), including transaction costs of US$6.5 million (Cdn$7.0 million) and subject to certain working capital adjustments. In addition, Groupe Aeroplan expects to incur one-time costs of approximately US$15 million (Cdn$16.0 million), primarily related to the migration of technology infrastructure in the US out of CCI's ...