Covad sells for $300M

December 2007
CED;Dec2007, Vol. 33 Issue 12, p12
Trade Publication
The article reports on the acquisition of Covad Communications by Platinum Equity, which specializes in mergers, acquisitions and operations Covad for $1.02 per share in cash in the U.S. The offer was accepted by the Covad' board. According to Covad President and CEO Charles Hoffman, Platinum’s approach will bolster the successful execution of Covad’s business strategy while providing the resources and support necessary for sustained growth.


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