Akin Gump Represents York Capital in Planned Telecom Acquisition
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(New York) – Akin Gump Strauss Hauer & Feld LLP advised York Capital Management in the proposed acquisition by certain of its affiliates of Primus Telecommunications Group, Incorporated’s (PTGi) North American retail telecommunications operations in the United States and Canada for approximately $129 million.
York Capital has more than $15 billion under management, and PTGi is one of Canada’s largest alternative consumer service providers. The deal is subject to stockholder approval and regulatory approvals as well as customary closing conditions, and is expected to close by the third quarter of 2013, with the exception of the closing of the sale of PTGi’s PTI subsidiary, which is expected to occur subsequent to the third quarter.
Akin Gump partner Geoffrey Secol led the team advising York Capital.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP, a leading international law firm, numbers more than 850 lawyers in the United States, Europe, Asia and the Middle East.
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