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PRINT THIS PAGE TPG Capital, GS Capital Partners to acquire Alltel in $27.5bn deal22/05/2007. Source: AltAssets. 
 TPG Capital and GS Capital Partners have agreed to acquire Alltel Corp. in a transaction valued at approximately $27.5bn. Alltel is a US wireless network operator with 12 million customers.
TPG Capital and GSCP will acquire all of the outstanding common stock of Alltel for $71.50 per share in cash. The purchase price per share represents a 23 per cent premium over Alltel's closing share price prior to media reports of a potential transaction published on 29 December 2006, according to a statement.
Alltel's board of directors has approved the merger agreement and has recommended the approval of the transaction by Alltel's shareholders.
TPG Capital is the global buy-out group of private investment firm TPG.
GSCP is the private equity vehicle through which The Goldman Sachs Group conducts its privately negotiated corporate equity investment activities.
Copyright © 2007 AltAssets
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