Major shareholder opposes Sprint-iPCS deal (Dealscape

Greywolf Capital Management LP came out Thursday in opposition to the $400 million merger of iPCS Inc. by Sprint Nextel Corp.

Sprint announced Monday it was acquiring its iPCS wireless affiliate for $24 per share cash plus the assumption of $405 million in debt. The deal follows a long string of similar transactions since 2005 of both Sprint and Nextel affiliates that operate largely in rural regions of the U.S. under brand license and non-compete agreements.

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400 in-depth reports of M&A deals in the Telecommunications sector
95 articles related to iPCS Inc.
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21 in-depth transaction records for Sprint Nextel Corp.
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NOT A SUBSCRIBER? Major shareholder opposes Sprint-iPCS deal Posted on October 23, 2009 7:30 AM Greywolf Capital Management LP came out Thursday in opposition to the $400 million merger of iPCS Inc. by Sprint Nextel Corp. Sprint announced Monday it was acquiring its iPCS wireless affiliate for $24 per share cash plus the assumption of $405 million in debt. The deal follows a long string of similar transactions since 2005 of both Sprint and Nextel affiliates that operate largely in rural regions of the U.S. under brand license and non-compete agreements. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 400 in-depth reports of M&A deals in the Telecommunications sector 95 articles related to iPCS Inc. 43 articles related to Greywolf Capital 21 in-depth transaction records for Sprint Nextel Corp. 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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