On June 3, 2013 I wrote that Alaska Communications (ALSK) would make an excellent takeover target and that FCC approval of the merger of the wireless assets of General Communications and the wireless assets of Alaska Communications would be a massive catalyst to unlock shareholder value. Since my article was published, Alaska Communications' stock has risen over 20%.
On July 16, 2013 the FCC approved the transaction. This is a massive catalyst for increasing Alaska Communications' intrinsic value. Here's why:
I. There is a $100 million dollar payment due to Alaska Communications upon closing of the deal, which was and no longer is, subject to FCC approval. This payment will literally take a company with approximately...
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