Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for AT&T Inc. > News item |
AT&T, Centennial Communications merger on track to close in second quarter
By Lisa Kerner
Charlotte, N.C., Jan. 8 - Centennial Communications Corp. said it expects its merger with AT&T Inc. to be completed by the end of the second quarter this year.
The merger, first announced in November, is not subject to a financing condition but remains subject to shareholder and regulatory approvals, Centennial said.
Under the companies' merger agreement, Centennial stockholders will receive $8.50 per share for a total equity price of $944 million.
The total enterprise value of the transaction, including net debt, is approximately $2.8 billion, according to Centennial.
Centennial's largest shareholder, Welsh, Carson, Anderson & Stowe, agreed to vote in favor of the transaction.
AT&T is a Dallas-based communications holding company.
Centennial is a Wall, N.J., provider of regional wireless and integrated communications services in the United States and Puerto Rico.
© 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.