Alltel IS for Sale!
S&P worries over Alltel’s ‘strategic alternatives’
By Mike Dano
Story posted: February 23, 2007 - 1:20 pm EDT
Standard & Poor's Ratings Services said it put Alltel Corp.’s credit rating on CreditWatch with “negative implications.” The move follows comments from Alltel executives about the company considering various “strategic alternatives,” financial language that usually means the company is actively seeking buyers.
"Given that Alltel is very conservatively leveraged at around 1x, potential strategic alternatives could materially increase leverage," said Standard & Poor's credit analyst Catherine Cosentino.
Alltel this week announced strong fourth-quarter results, and comments from the company’s management served to sp...
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By Mike Dano
Story posted: February 23, 2007 - 1:20 pm EDT
Standard & Poor's Ratings Services said it put Alltel Corp.’s credit rating on CreditWatch with “negative implications.” The move follows comments from Alltel executives about the company considering various “strategic alternatives,” financial language that usually means the company is actively seeking buyers.
"Given that Alltel is very conservatively leveraged at around 1x, potential strategic alternatives could materially increase leverage," said Standard & Poor's credit analyst Catherine Cosentino.
Alltel this week announced strong fourth-quarter results, and comments from the company’s management served to sp...
(continues)
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i hope they get bought by verizon but keep the unlimited texting to EVERYONE!
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Don't worry everyone will be verizon you can still get you a $10 package have your unlimited to verizon and 500 to all the special people who refuse to join a winner
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