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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (3469)	5/19/2007 2:17:10 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 20435

I want transporters; planes and cars suck, man.

To: steve harris who wrote (3469)	5/21/2007 3:39:16 AM
From: Elroy	Respond to of 20435

Lucky you. By DENNIS K. BERMAN and AMOL SHARMA May 21, 2007; Page A3 TPG Capital LLP and the private-equity arm of Goldman Sachs Group Inc. last night agreed to purchase wireless operator Alltel Corp. for about $27.5 billion, in the largest foray yet of private-equity money into the wireless business. The deal could signal still more ambitious gambits by buyout shops, which have shown increasing interest in telecom and wireless assets. The buyers will pay about $71.50 per share for the Little Rock, Ark., wireless company, which is the nation's fifth largest. That represents a price of about 10% higher than where the shares traded on Friday, and about 23% higher than where its shares traded in late December, when The Wall Street Journal identified it as a buyout target. In an interview, Alltel Chief Executive Scott Ford said he intends to stay after the deal closes. Top management also has been asked to stay, he said, though they are still "working out the details." Alltel's top five executives would get a combined $250 million if they were to leave during a change in control, according to a company filing.