Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Blackhawk Network To Acquire InteliSpend

Blackhawk Network (HAWK: Quote) Monday agreed to acquire InteliSpend Prepaid Solutions, a company engaged in the corporate incentives and consumer promotions marketplace.

The deal is expected to close no later than November 8 and is subject to customary closing conditions.

Blackhawk is acquiring substantially all of the assets of the InteliSpend business for cash and plans to finance the purchase using cash on hand and borrowings from Safeway Inc., Blackhawk's parent company.

The deal is not expected to have a material impact on Blackhawk's fourth quarter 2013 results. For fiscal 2014, it is expected to add about $50 million to $60 million in adjusted operating revenues and be earnings accretive.

Click here to receive FREE breaking news email alerts for Blackhawk Network Holdings, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Dish Network is no longer carrying Fox News in yet another dispute for the television provider. Fox News, which changed the face of cable news with its ardent advocacy of conservative issues, went dark Sunday, replaced on Dish by The Blaze, Glen Beck's new right-leaning channel. Fox Business channel... Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy. FCA US, until recently known as Chrysler, said Friday it is recalling 257,000 Dodge Ram pickups. The auto maker says the rear axle pinion nut on certain model year 2005 Dodge Ram 1500 trucks may loosen due to an undersized spline on the pinion gear. If the pinion nut loosens, the rear axle may...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.