SAN ANTONIO and AUSTIN, Texas, May 23,
2017 /PRNewswire/ -- Harland Clarke Holdings Corp.
("HCH"), a provider of best-in-class marketing services and
integrated payment solutions and owner of Valassis
(http://www.valassis.com/) a leader in intelligent media delivery,
today announced the completion of the acquisition of RetailMeNot,
Inc. (https://www.retailmenot.com/corp/) a leading savings
destination connecting consumers with retailers, restaurants and
brands, both online and in-store.
"We are thrilled to welcome RetailMeNot to the HCH team," said
Victor Nichols, CEO of HCH. "The
addition of RetailMeNot offers our clients' brands unparalleled
opportunity to reach and target consumers with the savings they
seek wherever they plan, shop, buy and share. I am excited about
the road ahead and working together to create one of the most
powerful savings destinations in the world."
"RetailMeNot will benefit from the opportunity to focus on
driving long-term innovation and growth as part of the HCH family,"
said Cotter Cunningham, CEO and founder of RetailMeNot, Inc.
"RetailMeNot's digital, mobile and audience strength will be the
perfect complement to Valassis' leadership in delivering online and
offline media. I'm excited about this new opportunity to drive
results for our partners while making it easy for consumers to save
money."
Pursuant to the terms of the merger agreement entered into among
the parties, HCH has acquired all the outstanding shares of
RetailMeNot Series 1 common stock for $11.60 per share in cash.
With the completion of the transaction, RetailMeNot has become a
privately held company, and therefore RetailMeNot Series 1 common
shares will no longer be listed on the NASDAQ or any other public
market.
About RetailMeNot, Inc.
RetailMeNot, Inc.
(https://www.retailmenot.com/corp/) is a leading savings
destination connecting consumers with retailers, restaurants and
brands, both online and in-store. The company enables consumers
across the globe to find hundreds of thousands of digital offers to
save money while they shop or dine out. During the 12 months
ended December 31, 2016, RetailMeNot, Inc. experienced over
650 million visits to its websites. It also averaged 23.1 million
mobile unique visitors per month during the three months
ended December 31, 2016. RetailMeNot, Inc. estimates that
approximately $4.4 billion in retailer sales were
attributable to consumer transactions from paid digital offers in
its marketplace in 2016, more than $600 million of which
were attributable to its in-store solution. The RetailMeNot, Inc.
portfolio of websites and mobile applications includes
RetailMeNot.com in the United
States; RetailMeNot.ca in Canada; VoucherCodes.co.uk in
the United Kingdom; ma-reduc.com and Poulpeo.com
in France; and GiftCardZen.com and Deals2Buy.com in North
America.
About Harland Clarke Holdings
HCH is a leader in
optimizing client relationships through multiple channels by
enabling them to acquire, retain and grow their customer base. Its
major business units, RetailMeNot, Valassis, Harland
Clarke and Scantron are recognized as leading providers of
incentive advertising, marketing services, transaction solutions,
education services and intelligent media delivery that create
millions of customer touch points annually for their clients.
Harland Clarke Holdings is a wholly owned subsidiary of MacAndrews
& Forbes Incorporated.
About Valassis
Valassis is a leader in intelligent
media delivery, providing over 58,000 clients with innovative media
solutions to influence consumers wherever they plan, shop, buy and
share. By integrating online and offline data combined with
powerful insights, Valassis precisely targets its clients' most
valuable shoppers, offering unparalleled reach and scale. NCH
Marketing Services, Inc. and Clipper Magazine are Valassis
subsidiaries, and RedPlum® is its consumer brand. Its signature
Have You Seen Me?® program delivers hope to missing children and
their families. Valassis is a wholly owned subsidiary of HCH.
Contact Information
For RetailMeNot, Inc.
Investor Contact
Anne Bawden
abawden@rmn.com
(415) 200-8654
Media Contact
Michelle Skupin
mskupin@rmn.com
(808) 224-3215
Chelsie Baugh
cbaugh@rmn.com
(512) 387-8378
For MacAndrews & Forbes Incorporated:
Media
Contact
Josh Vlasto
jvlasto@mafgrp.com
(212) 572-5969
For Harland Clarke Holdings:
Media Contact
Debbie Serot
Debbie.serot@harlandclarke.com
(210) 697-6239
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visit:http://www.prnewswire.com/news-releases/harland-clarke-holdings-corp-completes-acquisition-of-digital-savings-destination-retailmenot-inc-300462252.html
SOURCE RetailMeNot, Inc.