(Bloomberg) -- Goldman Sachs Group Inc. and TPG Inc.
agreed to acquire Alltel Corp. for $27.5 billion including debt
in the largest buyout of a telecommunications company.
Investors will receive $71.50 a share, the mobile-phone
company said in a statement yesterday. The offer is 9.6 percent
more than Little Rock, Arkansas-based Alltel's closing share
price on May 18 and exceeds the $70 a share expected by Michael
Nelson, an analyst at Stanford Group Co.
Read more at Bloomberg Stocks News
agreed to acquire Alltel Corp. for $27.5 billion including debt
in the largest buyout of a telecommunications company.
Investors will receive $71.50 a share, the mobile-phone
company said in a statement yesterday. The offer is 9.6 percent
more than Little Rock, Arkansas-based Alltel's closing share
price on May 18 and exceeds the $70 a share expected by Michael
Nelson, an analyst at Stanford Group Co.
Read more at Bloomberg Stocks News
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