© 2013 The Texas Lawbook.
By Natalie Posgate
Staff Writer for The Texas Lawbook
(October 21) – Private equity firm Tower Three Partners announced Monday that it will acquire Lubbock-based communication services provider NTS, Inc.
The deal will make NTS a privately held company. Tower Three will acquire all outstanding shares of NTS stock for $2 per share in cash.
Weil, Gotshal & Manges is representing Tower Three in the deal. The Weil team comes from several of the firm’s U.S. offices, but the Texas attorneys involved are all from Dallas: partners Richard Ginsburg, Jared Rusman and P.J. Himelfarb and associates David Gail, Elliott DeRemer, Sara Duran, Jason Jones, and Ade Heyliger.
Gail and DeRemer serve as Weil’s lead attorneys, along with a partner from the firm’s Boston office.
Counsel for NTS and its special committee are not Texas-based.
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