Everstream has received court approval to sell nearly all of its operations to Bluebird Fiber for $384.6 million after an auction. CEO Ken Fitzpatrick expressed optimism about the sale, emphasizing the value of Everstream's network and expertise. He noted the commitment to a seamless transition for customers and employees. Bluebird CEO Jason W. Adkins commented on the merger's potential, anticipating the combination would create one of the largest fiber businesses in the Midwest. The sale is expected to close by the end of the year, pending regulatory approval.
This approval sets the stage for an exciting new phase for Everstream under new ownership. We are pleased that Bluebird's bid reflects the significant value and potential of our operations.
We are thrilled to achieve another key milestone as we work towards the combination of these two great companies. Everstream's quality fiber network and top-notch employees will mesh perfectly with our fiber network and team.
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