ATN International to Buy Alaska Communications for $3.40/Share
04 Enero 2021 - 7:21AM
Noticias Dow Jones
By Colin Kellaher
Alaska Communications Systems Group Inc. on Monday said it has
agreed to be acquired by ATN International Inc. and has terminated
its previous deal with Macquarie Capital and GCM Grosvenor Inc.
The Anchorage, Alaska, provider of broadband and IT services
said it will be acquired for $3.40 a share by a newly formed entity
owned by ATN and Freedom 3 Capital LLC in an all cash deal valued
at roughly $332 million, including debt.
ATN, a Beverly, Mass., provider of telecommunications services,
said it will operate and consolidate the new entity and Alaska
Communications through its majority ownership stake.
Alaska Communications said it has ended its previous agreement
to be acquired by Macquarie and GCM for $3.26 a share and paid a
$6.8 million break-up fee.
ATN said it expects to complete the transaction in the second
half of the year.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 04, 2021 08:06 ET (13:06 GMT)
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