iPCS Shareholder Group Opposes Sprint Acquisition
Nov 17, 2009, 4:14 PM by Eric M. Zeman
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.
|Shentel is the only one left and ipcs needs to give up||Jonathanlc2005||
|Greywolf Capital needs to be shot from a helicopter..||bluecoyote||
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