Olshan Represents NTS in $155 Million Sale to Tower Three
NTS, Inc., a leading regional provider of integrated communications, announced that it has entered into a definitive merger agreement with affiliates of Tower Three Partners LLC, a private equity firm. Upon completion of the transaction, NTS will become a privately held company. Olshan attorneys Steve Wolosky, Ken Schlesinger and Alfonso Jimenez represented the Special Committee of the Board of Directors of NTS in its negotiation of the transaction and its recommendation to the full Board of Directors, which unanimously approved the merger agreement. Yahoo! Finance posted the Associated Press story about the equity component of the transaction, which when combined with the roll over of existing debt, will value the transaction at approximately $155 million. NTS is one of the few companies that has a dual listing on the New York Stock Exchange and the Tel Aviv Stock Exchange. The Street and M&A Navigator also posted stories on the sale.