Original Bidders Macquarie Capital, GCM Top Competing Offer for Alaska Communications by a Penny a Share
December 22 2020 - 6:45AM
Dow Jones News
By Dave Sebastian
Alaska Communications System Group Inc. said Tuesday its
original bidders for a takeover, Macquarie Capital and GCM
Grosvenor, have upped their offer to $3.26 a share from $3.20 a
share, valuing the deal at about $325 million, including debt.
The bid is a penny a share higher than a competing offer Alaska
Communications disclosed last week.
The two investment firms have increased their bid from about
$300 million, as a "go-shop" period allowed the broadband and
information technology-services company to review competing
offers.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
December 22, 2020 06:30 ET (11:30 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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