TPG, Goldman Arm Land Alltel

TPG, GOLDMAN ARM LAND ALLTEL
[SOURCE: Wall Street Journal, AUTHOR: Dennis K. Berman dennis.berman@wsj.com and Amol Sharma amol.sharma@wsj.com]
TPG Capital LLP and the private-equity arm of Goldman Sachs Group Inc. last night agreed to purchase wireless operator Alltel Corp. for about $27.5 billion, in the largest foray yet of private-equity money into the wireless business. The deal could signal still more ambitious gambits by buyout shops, which have shown increasing interest in telecom and wireless assets. The buyers will pay about $71.50 per share for the Little Rock, Ark., wireless company, which is the nation's fifth largest. That represents a price of about 10% higher than where the shares traded on Friday, and about 23% higher than where its shares traded in late December, when The Wall Street Journal identified it as a buyout target.
http://online.wsj.com/article/SB117971040955309127.html?mod=djemalert
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* Alltel Agrees to Buyout Offer
http://www.washingtonpost.com/wp-dyn/content/article/2007/05/20/AR2007052001806.html