Monday, October 21, 2013

NTS In Go Private Deal With Tower Three Partners

Lubbock, Texas-based communications services provider NTS said this morning that it has reached a deal to be acquired by private equity firm Tower Three Partners in a deal worth $2.00 per share in cash. The deal is worth approximately $82.92M. According to NTS, the deal would make the company privately held. The company said the price is a 27 percent premium over its closing price on Friday. NTS is a provider of high speed broadband, Internet access, digital cable TV, and long distance and local phone service in northern Texas and southeastern Louisiana.