M&A
confidence high
sentiment positive
materiality 0.85
ATN International completes acquisition of Alaska Communications for $3.40/share, $343M EV
ATN International, Inc.
- Acquired Alaska Communications for $3.40/share cash; enterprise value of ~$343M including net debt.
- ATN consolidates Alaska Communications into its US Telecom segment effective immediately.
- ATN holds ~51.6% economic and ~54.6% voting interest in ALSK Holdings, the acquiring entity.
- Funded via $73M draw on ATN's revolving credit facility and a $210M term loan at the acquired subsidiary.
- ALSK Holdings board: 3 managers from ATN, 2 from Freedom 3; ATN exercises voting control.