Tuesday, April 15, 2008

Covad Communications Acquisition Completes

Los Angeles-based investment firm Platinum Equity said Tuesday afternoon that it has completes its acquisition of San Jose-based COvad Communications Group. The deal was worth $470M. The deal takes Covad Communications private at $1.02 per share in cash. The acquisition was originally announced in October of last year. Covad is a provider of telecommunications services.