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ValueAct May Eye Alliance Data Split to Hike Value

A break up or sale could be in the cards for Alliance Data Systems (ADS) .

That's because the Plano, Texas-based company, known for producing branded credit cards for Pier 1 (PIR) Imports and Limited Brands' (LTD) Victoria Secret, Bath and Body Works and other specialty stores, recently was targeted by activist investor Jeff Ubben's ValueAct Capital. The activist fund on July 11 accumulated a 6.8% stake in the $12.5 billion market capitalization company and suggested that it may "make sense for a ValueAct...