ATN outbids private equity to take Alaska Comms for $332m

ATN outbids private equity to take Alaska Comms for $332m

US telecoms group ATN International has beat private equity investors to buy Alaska Communications. Massachusetts-based ATN put in an all-cash agreed bid of US$332 million for the company, beating a previous offer from Macquarie Capital and GCM Grosvenor, worth just...
FlashParking to merge with parking services platform Arrive

FlashParking to merge with parking services platform Arrive

U.S. parking management software maker FlashParking Inc said on Tuesday it would merge with Arrive Inc, an online platform that allows drivers to find and book parking spaces. The COVID-19 pandemic has spurred demand for fully digitized and touchless alternatives to...
Asian Suitors Said to Advance in $4 Billion Philips Unit Bidding

Asian Suitors Said to Advance in $4 Billion Philips Unit Bidding

Royal Philips NV has shortlisted a clutch of Asian suitors in the bidding for its home appliance unit, which could fetch at least 3 billion euros ($3.7 billion), people with knowledge of the matter said. Philips invited Chinese buyout firm CDH Investments and domestic...