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LITTLE ROCK (AP) - If private investors complete their proposed $24.8 billion buyout of Alltel Corp., some board members and executives will receive payouts worth hundreds of millions of dollars, according to a regulatory document the company filed Wednesday.
Warren A. Stephens, who leads the Stephens Inc. investment house in Little Rock, would be the biggest winner, bringing in $650.8 million for his 9.1 million shares of Alltel stock. Alltel announced last month that TPG Capital and GS Capital Partners plan to acquire the company for $71.50 per share.
Alltel's board chairman and former chief executive, Joe T. Ford, stands to gain $243.4 million and his son, current chief executive Scott T. Ford, would get $183.8 million.
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