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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 Jul 2019 to Jul 2024
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.
1 Year Alaska Communications Sy... Chart |
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