Securities Law Prof Blog

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

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.

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