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Alltel deal represents largest U.S. telecom LBO

Private-investment firms TPG Capital and GS Capital Partners have agreed to pay $71.50 a share for Alltel Corp. The $27.5 billion offer is the largest leveraged buyout in the history of the U.S. telecommunications industry and represents a 10% premium over the wireless carrier's Friday stock price. The deal must be approved by shareholders and regulators before its planned March 2008 close.

International Herald Tribune | 05/21

This story published in USTelecom dailyLead on 05/21/2007

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