Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, May 21, 2007

Alltel Latest to Announce LBO

Alltel Corp., the wireless phone company known for its "My Circle" plan, is the latest public company to announce a LBO.  Two private equity firms have offered to pay $71.50 per share, for a total of $27.51 billion, the largest buyout in the wireless industry.  See NYTimes, Equity Firms to Buy Alltel in $27.5 Billion Deal; WSJ, TPG, Goldman Arm Land Alltel.

http://lawprofessors.typepad.com/securities/2007/05/alltel_latest_t.html

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