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LITTLE ROCK, Ark. (AP) - Analysts are taking a mixed view on whether Alltel Corp. will be bought out by a rival or by private equity interests.
Back in February, Alltel President and Chief Executive Scott Ford announced the company was undertaking a "strategic review" and analysts took that to mean that Alltel was on the block. Since then, Alltel has said precious little about its intentions. It's earnings conference call last week shed no new light.
A report Wednesday in the Wall Street Journal that private equity groups were looking at joining forces to buy Alltel sent the company's share price up $1.36, or 2 percent, to $66.56 on Wednesday. Alltel refused to comment on the report, as did the equity firms.
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