Verizon to Acquire Alltel
Sunday, June 8th, 2008Verizon is going to buy Alltel equity and debt in a transaction worth $28.1 billion. Verizon will purchase Alltel from TPG Capital and GS Capital Partners, for about $5.9 billion in cash and will assume Alltel’s debt, which is estimated to be $22.2 billion, making the total transaction value $28.1 billion.