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Maritz Holdings buys American Express Co.'s stake in American Express Incentive Services

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St. Louis—Maritz Holdings announced that it has acquired American Express Co.'s minority stake in American Express Incentive Services.

Financial terms of the deal were not disclosed.

For the past 13 years, AEIS has operated as a joint venture between Maritz Holdings and a subsidiary of American Express Co. As a result of the transaction, AEIS is now entirely owned by Maritz Holdings. AEIS will continue to operate as an independent entity and plans to change its corporate name and launch a rebranding campaign by the end of the year.

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