SAN FRANCISCO (Thomson Financial) - SureWest Communications said late Thursday it has agreed to acquire Everest
Broadband Inc., a portfolio company of Seaport Capital, for $173 million in cash.
The transaction is expected to close by the end of the first quarter 2008.
Everest is a provider of high-speed data, video and voice services in the greater Kansas City area.
SureWest said it plans to finance the deal through a combination of cash on hand and committed debt financing.
Shares of SureWest closed the regular session up 8.1% at $18.38. Gabriel Madway gm COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
The transaction is expected to close by the end of the first quarter 2008.
Everest is a provider of high-speed data, video and voice services in the greater Kansas City area.
SureWest said it plans to finance the deal through a combination of cash on hand and committed debt financing.
Shares of SureWest closed the regular session up 8.1% at $18.38. Gabriel Madway gm COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
© 2007 AFX News
