tiprankstipranks
Advertisement
Advertisement

SBA Communications weakness attributed to report of ‘snag’ in talks

Green Street Infrastructure is reportedly saying SBA Communications (SBAC) take private talks hit a “snag” as KKR went “pencils down” on the deal due to concerns about an elevated valuation and the equity commitment required, trading sources told The Fly. Shares of SBA closed down about 2% at $213.61.

Claim 55% Off TipRanks

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1