Harland Clarke to Buy RetailMeNot for $630 Million
Online coupon provider RetailMeNot (SALE) said it had agreed to be bought by Harland Clarke Holdings for about $630 million.
RetailMeNot’s shares jumped 49 percent to $11.55 in aftermarket trading on Monday, slightly below the offer price of $11.60 per share in cash.
The deal will allow Harland Clarke, owned by billionaire Ron Perelman’s investment company MacAndrews & Forbes Inc, to build on its acquisition of Valassis Communications Inc, a provider of coupons and newspaper inserts. The company was acquired for $1.31 billion in 2013.
This story has been amended to reflect the correct transaction price.