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Private Equity Groups Purchase Alltel

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May 21, 2007, 12:40 AM   by (staff)

Alltel agreed to sell to one team of bidders on Sunday. TPG Capitol and Goldman Sachs will buy the carrier, including assuming its debt, for $71.50 per share or about $27.5 billion. The companies expect to complete the sale near the end of this year or early 2008. It is widely assumed these equity partners purchased Alltel to hold the carrier until a larger carrier was ready to buy them, however the companies did not discuss these expectations when announcing the purchase.

more info at Reuters »
more info at Alltel »

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Subject Author Date
Roaming agreements? nuckingfuts May 21, 2007, 9:11 AM
Finally!!!!! LordObento May 21, 2007, 1:10 AM
End Result drewstew May 22, 2007, 5:59 PM
sprint better get on this Jonathanlc2005 May 21, 2007, 5:42 PM
 
 
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