AT&T Capital Corp always looked like being acquired before it could escape from the AT&T Corp orbit, and so it has proved. The leaser is to be acquired by a leasing consortium in a deal worth $2.2bn in cash. The purchasing group does include members of AT&T Capital senior management, plus UK-based GRS Holding Co Ltd and Babcock & Brown, an asset and project financing advisory firm based in San Francisco. AT&T Capital shareholders will receive $45 in cash for each of their shares in the Morrist own company. It will remain the preferred leaser for AT&T, Lucent Technologies Inc and NCR Corp kit to the year 2000.
