====RetailMeNot (SALE) to be acquired by Harland Clarke for $630 million or $11.60/sh

  

Shares of Internet deals purveyor RetailMeNot (SALE) are up $3.81, or 50%, at $11.56, in late trading, after being briefly halted, after payments company Harland Clarke Holdings, a San Antonio, Texas-based provider of payments, marketing and retailing products, and a division of Ron Perelman’s McAndrews & Forbes holding company, said it will buy the company for $11.60 per share in cash.

RetailMeNot, which went public in mid-2013, had seen its shares fall about 9% in the past year, before tonight’s buyout.

Harland said RetailMeNot’s offerings will complement those of Valassis, a provider of “intelligent media delivery,” to produce a trove of “valuable offers” and “the consumer savings destination of choice.”

Perelman’s McAndrews owns a variety of businesses including cosmetics maker Revlon (REV).

=RetailMeNot (SALE) reported earnings on Tue 14 Feb 2017 (b/o)

RetailMeNot beats by $0.06, beats on revs; guides Q1 revs above consensus; guides FY17 revs above consensus :

• Reports Q4 (Dec) earnings of $0.37 per share, $0.06 better than the Capital IQ Consensus of $0.31; revenues rose 16.5% year/year to $96.89 mln vs the $95.48 mln Capital IQ Consensus.
• Co issues upside guidance for Q1, sees Q1 revs of $62.5-71.5 vs. $64.21 mln Capital IQ Consensus Estimate.
• Co issues upside guidance for FY17, sees FY17 revs of $296-326.0 vs. $294.13 mln Capital IQ Consensus Estimate.
• "During 2016 we continued to make strides toward our long-term goal of becoming a leading savings destination for consumers," said Cotter Cunningham, CEO & Founder, RetailMeNot, Inc. "While the year had its challenges, we closed out the fourth quarter on a positive note and believe we are well positioned to capitalize on our initiatives in 2017 and beyond."

=RetailMeNot (SALE) reported earnings on Tue 2 Aug 2016 (b/o)

RetailMeNot beats by $0.06, beats on revs; guides Q3 revs in-line; raises FY16 revs, in-line; reaffirms EBITDA  :

• Reports Q2 (Jun) earnings of $0.10 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $0.04; revenues rose 20.7% year/year to $64.2 mln vs the $62.89 mln Capital IQ Consensus; core Segment Total net revenues of $53.5 million, up 1%.
  • In-store & advertising net revenues were up 37%, representing 25% of total net revenues. Mobile online transaction net revenues were up 18%, representing 11% of total net revenues.
• Co issues in-line guidance for Q3, sees Q3 revs of $61.5-69.5 mln vs. $64.88 mln Capital IQ Consensus; adj. EBITDA to be in the range of $5.0 to $9.0 million, or adjusted EBITDA margins of 11.2% at the midpoint.
• Co issues in-line guidance for FY16, raises FY16 revs to $275-294 mln from $271-290 mln vs. $284.72 mln Capital IQ Consensus; reaffirms EBITDA $50-61 mln.