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