TPG

 

Alltel Shareholders Approve Buyout

Alltel Corp. said Wednesday its shareholders have approved the $27.5 billion buyout by TPG Capital and GS Capital Partners. The company said approximately 97 percent of the shares voted in favor of the deal at a special meeting. The acquisition was announced in May. The Federal Communications Commission still must approve the transaction. Alltel, which […]

Playing to Win

By all accounts, Avaya Inc. was ready to get Wall Street off its back. Competition in IP and unified communications is hot, hot, hot. And Avaya has spent its time reacting to investors looking over its shoulder. Certain things can inhibit some longerterm strategies, says an Avaya spokesperson. So, after weeks of speculation, Avaya on […]

Avaya Inks Merger Agreement With Private Firms

Rumors were laid to rest late Monday as Avaya Inc. announced it has accepted a private equity buyout deal worth about $8.2 billion. The buyers Silver Lake LP and TPG Inc. will pay $17.50 per share for the Basking Ridge, N.J., equipment maker. Investors said their firms looked to Avaya in part for its leadership […]

Alltel Stocks Rise on Acquisition Announcement

Alltel Corp. stocks were up by nearly $5 late Monday morning on news that the company will be bought by two private equity firms for $27.5 billion. The deal marks the largest leveraged buyout of a telecom company. Little Rock, Ark.-based Alltel is the fifth-largest wireless carrier in the United States. It also owns the […]

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