Sprint-Nextel to Buy Nextel Partners in $6.5B Deal
An AP newswire article, via The Mercury News, reports that:
Sprint Nextel Corp. said Tuesday that it would buy Nextel Partners Inc. in a deal valued at $6.5 billion, or $28.50 per share, settling a legal battle with its largest affiliate.
Nextel Partners shareholders had approved a provision in October that required Sprint Nextel to buy two-thirds of the company it doesn't already own.
That came after Sprint Corp. acquired Nextel in August for $35 billion. Nextel Partners and other affiliates provide wireless service to rural areas and smaller cities that were not served by Sprint or Nextel.
posted by Fergie @ 12/20/2005 11:47:00 AM
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