ValueAct Capital Boosts Stake in Alliance Data to 5.9%

In a 13D filing before the close on Alliance Data Systems Corporation (ADS), ValueAct Capital disclosed a 5.9% (4,706,620 shares). This is up from the 2,009,900 shares held at the quarter ended 3/31/08.

In a pretty standard disclosure, ValueAct did not make any direct requests on Alliance Data Systems, but said it will monitor its investment and may enter discussions with management, the Board of Directors or others.

Alliance Data Systems Corporation, together with its subsidiaries, provides data-driven and transaction-based marketing and customer loyalty solutions.

ValueAct Capital, LLC is a $6 billion San Francisco based hedge fund focused on value investing.