Sprint, Nextel Partners Settle on Price
Dec 20, 2005, 1:33 PM by (staff)
Sprint Nextel today announced they will buy affiliate Nextel Partners for $9.2 billion in cash. Nextel Partners' contract with Nextel allowed the affiliate to force a purchase by the Nextel should it ever be acquired, and they did so in October. Since then the two companies have been bickering about the company's value in and out of court. The purchase price was finally determined by averaging two independent valuations conducted by large investment firms. The purchase will be completed in early 2006.
|This puts the total Purchase over $15 Billion||SForsyth01||
|Correction about the Nextel Partners buy out price||nextel18||
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