Alltel shareholders approve private equity buyout
NEW YORK, Aug 29 (Reuters) - U.S. rural wireless service provider Alltel Corp AT.N said on Wednesday that its shareholders approved the company's sale to private equity firms TPG Capital and Goldman Sachs Capital Partners.
Results from a special meeting showed around 97 percent of votes were cast in favor of the purchase. Those votes represented around 73 percent of the total shares outstanding, the company said.
The sale, worth around $25 billion, is still pending approval from the U.S. Federal Communications Commission.
(Reporting by Ritsuko Ando)
((Editing by Gerald E. McCormick; Reuters Messaging: ritsuko.ando.reuters.com@reuters.net; +1 646 223 6084)) Keywords: ALLTEL APPROVAL
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