Alliance Data Systems Corp., which
agreed to a $7.8 billion take-private in May, has announced it has
voluntarily dismissed its law suit against buyer Blackstone Group LP -- as Internet message board posters had expected, when the company's stock was halted Friday morning. One of the most likely reasons reported on Yahoo! Finance message boards was that the Dallas-based company's
suit against buyout firm Blackstone, which attempted last month to back out of the deal over regulatory concerns, was either about to be settled or would have been dismissed by the Delaware Chancery Court. Since the court never indicated it would issue an announcement Friday, odds were more likely that Blackstone would agree to settle with Alliance. Check back later for more.
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