ATN International, Inc. Completes Acquisition of Alaska Communications
BEVERLY, Mass., July 22, 2021 (GLOBE NEWSWIRE) -- ATN International, Inc. (NASDAQ: ATNI) (ATN) announced today that it, along with its financial partner Freedom 3 Capital, LLC (Freedom 3), has completed its previously announced acquisition of Alaska Communications Systems Group, Inc. (Alaska Communications) in an all-cash transaction valued at approximately $343 million, including outstanding net debt. Under the terms of the merger agreement, each outstanding share of Alaska Communications common stock was converted into the right to receive $3.40 in cash. ATN will consolidate the results of Alaska Communications'' operations in its "US Telecom" segment.
ATN International, Inc. Completes Acquisition of Alaska Communications
BEVERLY, Mass., July 22, 2021 (GLOBE NEWSWIRE) -- ATN International, Inc. (NASDAQ: ATNI) (ATN) announced today that it, along with its financial partner Freedom 3 Capital, LLC (Freedom 3), has completed its previously announced acquisition of Alaska Communications Systems Group, Inc. (Alaska Communications) in an all-cash transaction valued at approximately $343 million, including outstanding net debt. Under the terms of the merger agreement, each outstanding share of Alaska Communications common stock was converted into the right to receive $3.40 in cash. ATN will consolidate the results of Alaska Communications'' operations in its "US Telecom" segment.