Sprint Receives Regulatory Go-Ahead for iPCS Acquisition

News Item Related News Comments

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

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 »

9 comments on this news item ›

Related news:
iPCS Shareholder Group Opposes Sprint Acquisition   Nov 17, 2009
Sprint Finalizes Tender Offer for iPCS Shares   Nov 27, 2009
iPCS Shareholders Prepping to Fight Sprint Acquisition   Oct 20, 2009
Sprint Nextel to Acquire Affiliate iPCS   Oct 19, 2009
Sprint Now Owns iPCS   Dec 4, 2009

more related news ›