ALSK - Alaska Communications skyrockets after announcing agreement to be acquired by Macquarie Capital and GCM Grosvenor for $3.0 per share

Alaska Communications Systems (ALSK) have entered into a definitive agreement pursuant to which the Company will be acquired by an affiliate of Macquarie and GCM in an all cash transaction valued at ~$300M, including debt.The transaction will result in ALSK becoming a privately held company and is expected to close in the 2H21.Pursuant to the terms, an affiliate of Macquarie and GCM will acquire all the outstanding shares of Alaska Communications common stock for $3.00 per share in cash.Under the terms of the agreement, ALSK may solicit superior proposals from third parties for a period of 30 calendar days continuing through Dec. 3, 2020.Shares +60% premarket.

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Alaska Communications skyrockets after announcing agreement to be acquired by Macquarie Capital and GCM Grosvenor for $3.0 per share