Private Equity Groups Purchase Alltel
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 |
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| Finally!!!!! | LordObento |
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| End Result | drewstew |
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| sprint better get on this | Jonathanlc2005 |
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