TPG and GS Capital Partners’ $26.3 billion [1] buyout of Alltel (NYSE:AT), the fifth largest mobile phone operator, [2] raises serious red flags for investors concerned that company insiders, who stand to make nearly $2 billion from the deal, [3] did not act in the best interest of shareholders when they agreed to sell the company. To track the deal go to http://alltelrevealed.blogspot.com.

Click to read more ...