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Sprint Finalizes Tender Offer for iPCS Shares

Article Comments  2  

Nov 27, 2009, 9:39 AM   by Eric M. Zeman   @phonescooper

Sprint today announced that it has completed the first step necessary to acquire affiliate iPCS. A large percentage of iPCS stockholders accepted the tender offer of $24 per share, representing about 62.8% of iPCS' total shares. Two more steps are necessary to make the acquisition complete. Sprint expects to close a "top-up" round on Friday, December 4, whereby it will own 90% of all iPCS shares. Once that is complete, Sprint will then complete a short-term merger with iPCS and acquire the remaining shares at the same price of $24 each.

more info at Sprint Nextel »

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pfs2009

Nov 27, 2009, 1:11 PM

AND THE SKY OPENED UP

AND RAINED PUPPY DOGS! Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy
Quick iPCS...file a lawsuit!
 
 
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