Brief: Alaska Communications Announces Definitive Agreement To Be Acquired By ATN International Inc In $332 Million Transaction

ATN International

04/01/2021 13:13

Jan 4 (Reuters) - Alaska Communications Systems Group Inc
 ALSK.O :
    * ALASKA COMMUNICATIONS ANNOUNCES DEFINITIVE AGREEMENT TO BE
ACQUIRED BY ATN INTERNATIONAL, INC. IN A $332 MILLION
TRANSACTION; MERGER AGREEMENT WITH MACQUARIE CAPITAL AND GCM
GROSVENOR HAS BEEN TERMINATED
    * ALASKA COMMUNICATIONS SYSTEMS GROUP INC - MERGER WILL
RESULT IN
ALASKA COMMUNICATIONS BECOMING A CONSOLIDATED, MAJORITY OWNED
SUBSIDIARY OF ATN
    * ALASKA COMMUNICATIONS SYSTEMS - AN AFFILIATE OF ATN WILL
ACQUIRE
ALL OUTSTANDING SHARES OF CO'S COMMON STOCK FOR $3.40 PER SHARE
IN CASH
    * ALASKA COMMUNICATIONS SYSTEMS GROUP INC - IN CONNECTION
WITH
TERMINATION, ALASKA COMMUNICATIONS PAID MACQUARIE AND GCM A $6.8
MILLION BREAK-UP FEE
    * ALASKA COMMUNICATIONS SYSTEMS - MERGER HAS FULLY COMMITTED
DEBT
AND EQUITY FINANCING AND IS NOT SUBJECT TO ANY CONDITION WITH
REGARD TO FINANCING

Source text for Eikon:  ID:nBw5BFJDa 
Further company coverage:  ALSK.O 

 ((Reuters.Briefs@thomsonreuters.com;))