Alaska Communications offered superior takeover proposal of $3.40/share

Dec. 24, 2020 6:16 AM ETAlaska Communications Systems Group, Inc. (ALSK)By: Khyathi Dalal, SA News Editor
  • Alaska Communications (NASDAQ:ALSK) received an acquisition proposal from a third party at $3.40/share (prior $3.25/share), which the board determines to be "superior proposal".
  • Under the offer terms, the superior proposal bidder would acquire indicating a transaction valued at ~$332M including net debt.
  • Macquarie and GCM have the right to negotiate an amendment of the Macquarie/GCM merger agreement for a period of four business days beginning Dec. 24.
  • In the last week of November, "Alaska Communications Has The Potential For A Higher Bid" was picked as one of the best picks of Seeking Alpha Blog Posts

Recommended For You


To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.