iPCS Shareholder Group Opposes Sprint Acquisition
Greywolf Capital Management, which owns about 8% of Sprint affiliate iPCS, thinks the $24-per-share price offered by Sprint to buy iPCS is too low. The group sent a letter to the iPCS board of directors indicating that it will not vote in favor of the acquisition. Greywolf, which approves of the acquisition in theory, believes Sprint has undervalued iPCS and should pay an amount closer to $47 per share.
SoftBank Sinks More Money Into Sprint
SoftBank has been snapping up shares of Sprint, increasing its stake recently by as much as $87 million. Despite SoftBank CEO Masayoshi Son's misgivings about the overall acquisition of Sprint, SoftBank said it "is enthusiastic about Sprint's prospects.
Japan's SoftBank to Buy UK's ARM for $32 Billion
SoftBank today announced plans to buy ARM Holdings for $32 billion. SoftBank runs one of Japan's largest wireless networks and is the parent company of Sprint in the U.S., while ARM designs and licenses the Cortex-branded mobile processors often found in today's smartphones and tablets.
Sprint Offering 10GB to 4-Line Family Plans for $100
Sprint today introduced the Sprint Family Share Pack, a plan that includes unlimited talk and text and 10 GB of shared data for four lines for $100 per month. Sprint Family Share Pack subscribers can quadruple their shared data to 40 GB for $20 more (total of $120 before taxes and fees).
Sprint Settles Lawsuit Over Nextel Merger for $131 Million
Sprint today settled a class-action lawsuit regarding its 2005 acquisition of Nextel for $131 million. Investors claim Sprint executives defrauded shareholders by inflating stock and bond prices after Sprint closed its acquisition of Nextel.
Shentel is the only one left and ipcs needs to give up
Greywolf Capital needs to be shot from a helicopter..
T-Mobile is loosing its customers data and has no 4g future.
damn is prepaid the only light in this dark royal rumble?