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Sprint Receives Regulatory Go-Ahead for iPCS Acquisition

Article Comments  9  

Nov 25, 2009, 9:25 AM   by Eric M. Zeman   @phonescooper

The Federal Communications Commission has given its approval to Sprint's intended acquisition of affiliate iPCS. Sprint announced its intent to acquire iPCS several weeks ago for the price of $24 per share. iPCS's board of directors has recommended that all shareholders approve the tender offer, which expires tonight. Greywolf Capital Management, which owns about 8% of iPCS shares, thinks the $24-per-share price offered by Sprint to buy iPCS is too low and said it won't approve the sale.

more info at Sprint Nextel »



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Subject Author Date
Former IPCS tshareholders to sue Sprint... Slammer Nov 25, 2009, 10:52 AM
Thank the lord Disrespect Nov 25, 2009, 10:14 AM
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