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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Macquarie Group Limited | ASX:MQG | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.28 | 0.13% | 209.40 | 208.90 | 210.69 | 210.75 | 207.505 | 208.47 | 941,948 | 09:50:00 |
By Dave Sebastian
Alaska Communications System Group Inc. said Tuesday it received a takeover bid of about $325 million including debt, or $3.25 a share, from a third party, higher than the $320 million offer from Macquarie Capital and GCM Grosvenor.
Macquarie Capital and GCM had raised their bid to $3.20 a share from $3 a share. Under the current agreement, the two investment firms have the right to propose a higher bid for four days beginning Tuesday, Alaska Communications said.
Alaska Communications said it would need to pay a $6.8 million termination fee to Macquarie and GCM if it goes with the third party's offer.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
December 15, 2020 06:32 ET (11:32 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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