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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