AboveNet (ABVT) Suspends Search for a Buyer Amid Financing Concerns -Bloomberg
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AboveNet (Nasdaq: ABVT) shares dipped into the red in mid-day trade (after trading up as much as 4.2 percent earlier) following headlines from Bloomberg which suggest the company suspended its search for a buyer as offers have been coming up short.
Sources say both TPG and Providence Equity looked into buying the company.
Shares have now regained positive territory, currently up 0.3 percent to $65.64.
Sources say both TPG and Providence Equity looked into buying the company.
Shares have now regained positive territory, currently up 0.3 percent to $65.64.
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