Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Eschelon Telecom Inc. > News item |
Integra Telecom acquisition of Eschelon expected to close Aug. 31
By Lisa Kerner
Charlotte, N.C., July 18 - Integra Telecom Inc. and Eschelon Telecom, Inc. expect the planned transaction between the two companies to close on Aug. 31, according to a news release.
As previously reported, on March 20 Integra announced a definitive agreement to acquire Eschelon for $30 per share, or a total purchase price of $710 million, including repayment of some $144 million in Eschelon debt.
Both companies' boards of directors have approved the agreement, which includes a $16.77 million termination fee.
Following the closing, Eschelon will no longer be publicly held and will operate under Integra, a privately held integrated communications provider based in Portland, Ore.
Eschelon, located in Minneapolis, provides integrated communications services to small and medium-sized businesses in the western United States.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.