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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Alaska Communications Systems Group Inc | NASDAQ:ALSK | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.40 | 3.39 | 3.40 | 0 | 01:00:00 |
From May 2019 to May 2024
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)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year Alaska Communications Sy... Chart |
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