Walker, an independent with a Democratic running mate, has
claimed victory. He dropped his Republican Party affiliation and
ran alongside Byron Mallott, who will become the lieutenant
governor.
"It became clear that while a win ... was numerically possible,
it is highly improbable," Parnell, who became governor in 2009
with the resignation of Sarah Palin, said in a statement.
The state's swearing-in date for the governor-elect is set for
Dec. 1. "I deemed it in Alaskans' interest to begin coordinating
transition activities now," Parnell said.
Walker said Parnell "graciously conceded the race in order to
facilitate a smooth and efficient transition process."
Parnell, Palin's running mate in 2006, succeeded her after she
resigned in 2009 following an unsuccessful 2008 run for vice
president as John McCain's running mate.
He went on to win the 2010 election by 20 points. Palin endorsed
Walker in the 2014 governor's race.
(Reporting by Chris Michaud; Editing by Paul Tait)
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