Private Equity Firms Looking at Alltel (AT) - WSJ

According to reports from the Wall Street Journal, private equity firms are looking at Alltel Corp (NYSE: AT) as a possible takeover target. According to the report, the balance-sheet strength would give buyers room to load up debt. The size of the deal would be large - with the currently market value of Alltel at $21.7 billion.

A potential strategic buyer for Alltel could be Verizon Wireless, a joint venture of Verizon Communications Inc. (NYSE: VZ) and Vodafone Group PLC (NYSE: VOD). Link to Article $