Alaska Communications Stockholders Approve ATN International Merger

  • Alaska Communications Systems Group Inc ALSK announced shareholder approval certifying the previously announced merger agreement between Alaska and a newly formed entity created by ATN International Inc ATNI and ATN's financial partner Freedom 3 Capital, LLC. 
  • The merger will lead to Alaska Communications becoming a consolidated, majority-owned, and operated subsidiary of ATN.
  • ATN International agreed to acquire Alaska in an all-cash transaction valued at $332 million under the arrangement.
  • ATN International's cash and cash equivalents amounted to $105 million as of December 31, 2020.
  • Price action: ALSK shares traded lower by 0.52% at $3.26 on the last check Monday.
Market News and Data brought to you by Benzinga APIs
Posted In: M&ANewsTechMedia
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!