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

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