Stephens buys $11 million in Alltel Corp. stock.
Little Rock investor Warren Stephens purchased for his corporate entity $11.35 million in Alltel Corp. stock last week, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. filings with the Securities & Exchange Commission.
The Stephens family and Stephens companies own about 11 million shares, or 3.6 percent, of the Little Rock-based telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. firm's total outstanding shares. Those shares, worth $709 million, and other holdings place the Stephens family fourth on Arkansas Business' list of the state's top stockholders.
Alltel announced last week that it will spin off its wireline business and merge it with Valor valor
a rodenticide no longer marketed because of toxicity in horses causing dehydration, abdominal pain, hindlimb weakness, inappetence, fishy smell in urine. Called also N-3-pyridyl methyl N1-p-nitrophenyl urea. Communications of Irving, Texas Irving (pronounced 'er-ving') is a city located in the U.S. state of Texas within Dallas County. According to the 2000 U.S. Census, the city population was 191,615; the 2006 estimate was 201,927 according to the North Central Texas Council of Governments, and 196,084 according to , in deal valued at $9.1 billion.
Under the terms of the deal, current Alltel shareholders will continue to own 1 share of Alltel and also will receive 1.05 shares of Valor stock for each share of Alltel they own.
A spokesman for Stephens has not responded to a request for comment on the stock purchases or the Alltel deal.
The Stephens family's late patriarch patriarch, in the Bible
patriarch (pā`trēärk), in biblical tradition, one of the antediluvian progenitors of the race as given in Genesis (e.g., Seth) or one of the ancestors of the Jews (e.g. , Jack Stephens, helped found the company that is now Alltel.