Yell announces agreement to purchase McLeodUSA Publishing Company.

0 Comments | M2 Presswire, January, 2002

M2 PRESSWIRE-21 January 2002-YELL: Yell announces agreement to purchase McLeodUSA Publishing Company (C)1994-2002 M2 COMMUNICATIONS LTD RDATE:21012002 Yell, the international directories business, today announced that it has agreed to acquire McLeodUSA Publishing Company, one of the largest independent directory publishers in the US, for $600 million.

This agreement signals a significant expansion in the US for Yell whose principal shareholders are funds advised by Apax Partners and funds advised by Hicks, Muse, Tate & Furst. Yell already has a strong presence in the US through ownership of the number one independent directory publisher Yellow Book USA. McLeodUSA Publishing Company, a wholly owned subsidiary of telecommunications company McLeodUSA...