Alliance Data Systems (ADS) - Get Report added a director from activist fund ValueAct Capital. The company has three units, including one that makes branded credit cards for Victoria's Secret and other companies. ValueAct's track record suggests an Alliance Data break up or sale could come next.
Potential buyers of the ADS branded cards unit include Wells Fargo (WFC) - Get Report and American Express (AXP) - Get Report . However, Alphabet (GOOGL) - Get Report, Facebook (FB) - Get Report or PayPay (PYPL) - Get Reportcould make a play as well.
This article was written by a staff member of TheStreet.