Why Alaska Communications Stock Is Trading Higher Today

Why Alaska Communications Stock Is Trading Higher Today

Alaska Communications ALSK shares are trading higher on Tuesday after the company announced it will be acquired by Macquarie Capital and GCM Grosvenor for $3 per share in cash.

Alaska Communications Systems is a U.S.-based fiber broadband and managed information technology services provider. The company is focused primarily on business and wholesale customers in and out of Alaska. It provides local, long-distance, and wireless telephone services, Internet access, and data services to residential and business customers.

Alaska Communications shares were trading up 57.33% at $3 on Tuesday. The stock has a 52-week high of $3.04 and a 52-week low of $1.44.

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