Alaska Communications Stockholders Approve Acquisition

Alaska Communications Stockholders Approve Acquisition by ATN International


Alaska Communications Stockholders Approve Acquisition by ATN International
March 15, 2021 09:25 ET
| Source:
ATN International, Inc.
ATN International, Inc.
Beverly, Massachusetts, UNITED STATES
BEVERLY, Mass., March 15, 2021 (GLOBE NEWSWIRE) -- ATN International, Inc. (NASDAQ: ATNI) (“ATN”) announced today that, based on preliminary voting results of a special meeting of stockholders of Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) (“Alaska Communications”) held on Friday, March 12, 2021, Alaska Communication’s stockholders have approved the pending acquisition by ATN of all of Alaska Communications shares. ATN and financial partner Freedom 3 Capital, LLC (“F3C”) previously announced the proposed transaction in January 2021 to acquire all the outstanding shares of Alaska Communications common stock for $3.40 per share in cash. The transaction will result in Alaska Communications becoming a privately held company, with ATN to own a majority ownership stake.

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