Alltel bought by two private investors
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Emily Price Published on August 30, 2007 |
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Alltel shareholders have approved a buyout on Wednesday by two private investors for a price of $24.7 billion dollars. The final shareholders meeting lasted a whopping 2 minutes with 97.1 percent in favor of the takeover. The buyout which still has to be approved by the FCC caused shares of the company to rise $.60 yesterday.