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Sps Transaction Services Inc

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BUSINESS
January 4, 1995 | From Times Staff and Wire Reports
Tandy Closes Stores, Sells Non-Retail Businesses: The Ft. Worth-based company said it sold its Computer City and Incredible Universe credit card portfolios to SPS Transaction Services Inc. and most of its service contracts to American Bankers Insurance Co. Proceeds from the sale of the credit card portfolios will total about $700 million. Tandy Corp. also said it is closing 213 Video Concepts and McDuff mall stores and 20 McDuff Supercenters.
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BUSINESS
January 4, 1995 | From Times Staff and Wire Reports
Tandy Closes Stores, Sells Non-Retail Businesses: The Ft. Worth-based company said it sold its Computer City and Incredible Universe credit card portfolios to SPS Transaction Services Inc. and most of its service contracts to American Bankers Insurance Co. Proceeds from the sale of the credit card portfolios will total about $700 million. Tandy Corp. also said it is closing 213 Video Concepts and McDuff mall stores and 20 McDuff Supercenters.
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BUSINESS
September 1, 1998 | Bloomberg News
Associates First Capital Corp., America's largest consumer finance company, said it will buy the insurance business of privately held Northland Co. Dallas-based Associates will pay almost $700 million for the company, or about twice book value, a source familiar with the transaction said. Terms were not disclosed. The unit of Mendota Heights, Minn.-based Northland sells trucking and other commercial property-casualty insurance through independent agents.
BUSINESS
April 21, 1998 | Bloomberg News
Associates First Capital Corp., the nation's largest consumer finance company, agreed to buy SPS Transaction Services Inc., a private-label credit card unit, from Morgan Stanley, Dean Witter, Discover & Co. for $896 million. Dallas-based Associates would buy the assets of SPS, which issues credit cards for companies such as Office Depot Inc. and Tandy Corp.'s Radio Shack, from Morgan Stanley and public shareholders.
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