Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) disclosed Monday the final results of the meeting of stockholders which was organized by the firm on Friday, March 12, 2021. Alaska revealed that its shareholders have finally authorized the merger deal with ATN International, Inc. (NASDAQ: ATN).
The deal was signed between Alaska Communications, ATN International, and financial partner Freedom 3 Capital, LLC of ATN. As per the deal, Alaska Communications will become a merged, majority-owned, and controlled firm of ATN.
The firm has disclosed that it will submit the final voting outcomes with the US SEC in Form 8-K. Earlier the condition for the merger agreement execution is the authorization of its shareholders. Furthermore, the execution of a merger deal is also dependent on certain regulatory authorizations as well as certain other traditional closing conditions laid down in the merger deal. The merger is anticipated to execute in the third quarter of 2021.