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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Loyalty Ventures Inc | NASDAQ:LYLT | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.218 | 0.2021 | 0.206 | 0 | 01:00:00 |
From Jul 2022 to Jul 2024
By Adriano Marchese
Bank of Montreal has agreed to acquire AIR MILES Reward Program business from a subsidiary of Loyalty Ventures Inc. for an undisclosed sum.
The Canadian bank and LoyaltyOne Co. said in a joint statement on Friday that the acquisition of the reward program business has been proposed as part of LoyaltyOne's proceedings under the Companies' Creditors Arrangement Act which was begun in Ontario's Superior Court of Justice.
BMO was a founding partner of the AIR MILES program which launched in 1992 and has nearly 10 million active collector accounts.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
March 10, 2023 07:31 ET (12:31 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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