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Article: $710 million deal for Eschelon; The Minneapolis telecom firm will be bought by an Oregon company.(BUSINESS)
- Article from:
- Star Tribune (Minneapolis, MN)
- Article date:
- March 21, 2007
- Author:
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Copyright informationCOPYRIGHT 2007 Star Tribune Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Steve Alexander; Staff Writer
Business telephone service provider Eschelon Telecom Inc. of Minneapolis, one of the more high-profile competitors of Qwest during the past decade, is being acquired by Integra Telecom Inc. of Portland, Ore., in a deal valued at $710 million.
The $30-a-share Integra offer represents a 17 percent premium over Monday's $25.59 closing price. In addition to paying $566 million in cash, Integra will repay $144 million in Eschelon debt. Richard Smith, Eschelon CEO, will become a member of Integra's board. The deal is expected to close in the third quarter.
Both Eschelon and Integra are part of a group of upstart local telephone ...
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Article: Eschelon Telecom Seeks to Acquire Oregon-Based Unicom
Wireless News;
February 20, 2007 ;
487 words
......in Bend, Oregon. Eschelon will pay approximately...million in annual revenue and sells local...change under the Eschelon name." "Last year...exchange carrier revenue over a two to three...over $74 million in revenue - we have made significant...yet," said Smith. Eschelon management ...
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