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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.

Associated Press / Yahoo News »

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Comments

This forum is closed.

This forum is closed.

tuxedosun

Nov 17, 2009, 4:36 PM

UGH!

They just WONT go away!

VZW611LA

They are even annoying me...

...

Jonathanlc2005

Nov 18, 2009, 1:20 AM

Shentel is the only one left and ipcs needs to give up

just give up the network... seriously you guys are too slow to fix things and deploy things. northern pa is still struggling and pa is never ment to sell anywhere there is IPCS. shentel on the other hand, are doing amazing. they are always adding towers, keeping things up to date and at the time, was considering wimax. i used to work for shentel, (BTW, thier HR department are **cks) but everyone else is very very knowledgeable from the CEO to the store employees about both shentel and sprint. the only reason why they wont get bought out is because they are actually maintaining a network the way they are supposed to be, and thier stock prices have split several times which im not good at stocks but i heard its a great thing. thier CEO is very...
(continues)

bluecoyote

Nov 17, 2009, 5:55 PM

Greywolf Capital needs to be shot from a helicopter..

These guys are basically a bunch of turds who weren't even good enough for Goldman Sachs, and they just want to [ethnic group] Sprint around.

Slammer

Nov 17, 2009, 5:44 PM

IPCS...,abbreviation for,

(I)diotic
(P)eople
(C)onstantly
(S)uing

payurbill

classic answer

...

Disrespect

Nov 17, 2009, 5:08 PM

LMAO

So now sprint is catching heat. AT&T is on the flame, Verizon is like fighting a person that just dont get it, you whoop his a$$ and he keeps getting up and you have to keep knocking him back down.

T-Mobile is loosing its customers data and has no 4g future.

LMAO! 🤣

damn is prepaid the only light in this dark royal rumble? 😳

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