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Sprint Finalizes Tender Offer for iPCS Shares

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

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.

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Comments

This forum is closed.

This forum is closed.

pfs2009

Nov 27, 2009, 1:11 PM

AND THE SKY OPENED UP

AND RAINED PUPPY DOGS! 😁 😁 😁 😁 😁 😁 😁 😁 😁 😁 😁 😁 😁 😁 😁 😁 😁 😁 😁 😁

JeffdaBeat

Quick iPCS...file a lawsuit!

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