Tuesday, August 14, 2007

Altel falls prey to TPG!

TPG Capital and the buyout arm of Goldman Sachs Altelentered into agreement terms to buy Wireless company Alltel Corporation for $25 billion. The completion of the deal would make it the latest US corporate giant to fall prey to private equity hands. The transaction has been formalized revealing that TPG Capital and GS Capital Partners will get Alltel for $71.50 per share in cash. At $25 billion, this would be one of the largest private equity deal.
For Complete IIPM Article, Click on IIPM Article

Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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