StockNews.com began coverage on shares of Northrim BanCorp (NASDAQ:NRIM – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating on the financial services provider’s stock. A number of other equities analysts also recently commented on NRIM. Janney Montgomery Scott upgraded shares of Northrim BanCorp from […]
Northrim BanCorp, Inc. (NASDAQ:NRIM – Get Rating) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $43.77 and traded as high as $46.10. Northrim BanCorp shares last traded at $45.31, with a volume of 17,831 shares changing hands. Several analysts […]
Alaska Communications Sale Takes a New Turn Posted on Share
Home » Alaska Communications Sale Takes a New Turn
Alaska Communications Systems Group, Inc. has agreed to be acquired by ATN International, Inc. and Freedom 3 Capital, LLC for $332 million, including net debt. ATN owns other telecom service providers, including some in the Caribbean.
As a result of the deal, Alaska Communications terminated its earlier agreement to be acquired by an affiliate of Macquarie Capital (“Macquarie”) and GCM Grosvenor (“GCM”), through its Labor Impact Fund, L.P., a proposed transaction that Telecompetitor reported in early November.
The new deal calls for an affiliate of ATN to acquire all outstanding shares of Alaska Communications common stock for $3.40 each, a 78% premium over the closing price of $1.91 on the date that the Macquarie deal was announced. The ATN offer is a 4% premium over the Macquarie offer, according to a press release about the planned Alaska Communicat