Private Investment Firms Buy-Out Alltel for $27.5 Billion
By Will Park on Monday, May 21st, 2007 at 12:20 PM PST In Alltel, Announcements
Private investment firms TPG Capital and GS Capital Partners have teamed up to buy-out Alltel for $27.5 billion. The buy-out represents a sale of $71.50 per share, compared to the $65.35 value on Friday, which should appease shareholders. The $27.5B deal includes an assumption of debt.
Barring any regulatory hiccups, this deal should get the greenlight sometimes soon. And, as these types of takeovers go, we should see the private investments firms selling Alltel a couple years down the road.
via: reuters
Alltel… who are they? Does anybody here use Alltel? I think Alltel is at its peak subscriber base and will disappear pretty soon once TPG Capital and GS Capital Partners realizes that most of the customers can’t even pay their bills since they provide service to anybody regardless of credit history.