RetailMeNot to be bought by Harland Clarke

Industry:    2017-04-12

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.

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