Monday, May 21, 2007

Alltel deal pre-empted auction process - sources

(Reuters) - First-round bids for Alltel, however, were not
due until June 6, sources said. As a result, Alltel
accepted the offer without knowing whether its
auction would draw even higher offers.




TPG and GS Capital Partners emerged with their
offer over the weekend and final details were
negotiated quickly, one source said.


Read more at Reuters.com Bonds News

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