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Shares in rural wireless provider Alltel surged more than 6% on Monday after it agreed to a $25 billion buyout by TPG Capital and the buyout arm of Goldman Sachs in one of the largest-ever private equity deals for a wireless carrier. The agreement closed months of speculation over a possible deal for Alltel, but questions were raised over the bid process.
M&A news and drug trial updates provided some of the catalysts behind the most actively traded stocks on Monday.
Mergers and acquisitions are headed for another record year, fueled by a seemingly endless cascade of private-equity money. “I can’t think of anything that’s off limits,” says Michael Kelly, managing director at Hamilton Lane. "There are good companies in any industry."
Analyst upgrades and earnings reports were some of the catalysts behind the most actively traded stocks on Wednesday.
At least three groups of private-equity buyers have formed to pursue a potential purchase of wireless carrier Alltel, according to media reports.
U.S. rural wireless telecoms service provider Alltel is being pursued by at least three groups of private-equity buyers about a potential purchase, the Wall Street Journal said on its Web site on Wednesday.
Tonight, it's all about telco on Mad Money, and Cramer thinks he's found a small wireless provider that might be offering itself up as an acquisition target.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Alltel has stepped up efforts to sell itself to carriers such as AT&T, Verizon Communications and Sprint Nextel, said people familiar with the matter, as the Little Rock, Ark.-based wireless company tries to chart a new future, The Wall Street Journal reported.