ALSK - Alaska Communications receives superior takeover proposal of $3.25 per share

Alaska Communications (ALSK) received an acquisition proposal from a third party at $3.25/share (prior: $3.0/share) that constitutes a "Superior Proposal".Under the terms, the bidder would acquire the Company for nominal consideration of $3.25/share, reflecting a transaction valued at ~$325M including debt.Macquarie and GCM have the right to negotiate an amendment of the Macquarie/GCM merger agreement for a period of four business days beginning Dec. 15.Under the Macquarie/GCM merger agreement, the Company is required to pay a $6.8M termination fee to Macquarie and GCM if the Board terminates the Macquarie/GCM Merger Agreement in order to enter into an agreement with the Superior Proposal Bidder.At this time, the Company remains subject to the Macquarie/GCM Merger Agreement and the Board has not changed its recommendation in support of the existing Macquarie/GCM Merger Agreement, or its recommendation that the Company's stockholders adopt the Macquarie/GCM Merger Agreement.Previously: Alaska Communications skyrockets after announcing agreement to be

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Alaska Communications receives superior takeover proposal of $3.25 per share