AboveNet (ABVT) May Have a Binding Takeover Offer
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AboveNet, Inc. (Nasdaq: ABVT) has received a binding offer from a private equity firm over the past few days, the New York Postreported today.
The company has been seeking to sell itself for the past few months and is looking for a least $80 per share the report stated. Sources cited in the article said it would be a challenge to meet that price.
Private equity giants Carlyle, Madison Dearborn, Providence Equity and TPG Capital are said to have evaluated offers for the company.
The company has been seeking to sell itself for the past few months and is looking for a least $80 per share the report stated. Sources cited in the article said it would be a challenge to meet that price.
Private equity giants Carlyle, Madison Dearborn, Providence Equity and TPG Capital are said to have evaluated offers for the company.
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