Alaska Communications Sale Takes a New Turn Posted on Share
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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
Alaska Communications Announces Receipt of Superior Proposal
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Alaska Communications Announces Amendment of Amended & Restated Merger Agreement with Macquarie Capital and GCM Grosvenor to Increase Consideration to $3 26 per Share
businesswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswire.com Daily Mail and Mail on Sunday newspapers.
Alaska Communications Announces Receipt of Superior Proposal
businesswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswire.com Daily Mail and Mail on Sunday newspapers.
Alaska Communications Announces Entry into Amended and Restated Merger Agreement with Macquarie Capital and GCM Grosvenor to Increase Consideration to $3 20 per Share
businesswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswire.com Daily Mail and Mail on Sunday newspapers.