RE: NR AnalysisThe banks are always on the look for deals like this. The American Express deal a month or so ago comes to mind.
During the first quarter of 2011, the Company completed the acquisitionof a controlling interest in Loyalty Partner (March 1, 2011) for totalconsideration of $616 million ($585 million plus $31 million in cashacquired). In addition, the Company may acquire the remainingnoncontrolling equity interest over the next five years at a price basedon business performance, which currently has an estimated fair value of$150 million. Loyalty Partner is a leading marketing services companybest known for the loyalty programs it operates in Germany, Poland andIndia. Loyalty Partner also provides market analysis, operatingplatforms and consulting services that help merchants grow theirbusinesses. The purchase price allocation will be finalized in asubsequent quarter.