HSBC Watch News Release Forum Index

Forum Name: - HSBC Finance Corporation

Topic Title: HSBC To Acquire Metris


Post Tue Sep 27, 2005 2:40 pm      



Be advised that HSBC Finance Corporation and Metris Companies Inc. have entered into a definitive agreement for HSBC Finance to acquire Metris in an all-cash transaction which values Metris at US$1.594 billion. Upon completion, Metris will become a wholly-owned subsidiary of HSBC Finance. Metris is based in Minnetonka, MN, and is a large bankcard issuer that was spun off from Fingerhut in 1994 and became a public company in 1996. Metris issues credit cards through Direct Merchants Credit Card Bank, N.A., a wholly-owned subsidiary headquartered in Phoenix, AZ. The Board of Directors of Metris has unanimously approved the transaction, as has the Board of Directors for HSBC Finance. The transaction is scheduled to close on December 9, 2005.

http://biz.yahoo.com/prnews/050804/nyth115.html?.v=18


HSBC Watch News Release Forum Index - HSBC Finance Corporation

Household - HSBC Watch Discussion Control Panel
View previous topic
View next topic


Digg It
Del.icio.us
Slashdot It!

A different format is here
You can post new topics in this forum
You can reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Household HSBC Watch is a watchdog and consumer advocacy organization We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.Household HSBC Watch is not associated or affiliated with HSBC in any way
We use your individual HSBC complaints and merchant complaint reports to perform trend analysis.
We are not associated with HSBC, Household International, or their merchants.
Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act.

This access page is a fast loading interface
for this website and is optimized by Household - HSBC Watch