Centennial shareholders approve merger with AT&T

By Devika Patel

Knoxville, Tenn., Feb. 24 - Centennial Communications Corp. said its stockholders approved the company's planned merger with AT&T Inc.

Of the shares voted at the Feb. 24 special meeting, over 99% were cast in favor of adoption of the merger agreement, representing approximately 88% of the total shares outstanding and entitled to vote.

As previously reported, in November, Centennial agreed to be acquired by AT&T for $8.50 per share in cash for a total equity price of $944 million.

Centennial's largest shareholder, Welsh, Carson, Anderson & Stowe, agreed to vote in favor of the transaction, which is expected to close by the end of the second quarter of 2009.

AT&T is a Dallas-based communications holding company.

Centennial is a Wall, N.J., provider of regional wireless and integrated communications services in the United States and Puerto Rico.

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