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SunCom stockholders OK T-Mobile merger
By Lisa Kerner
Charlotte, N.C., Dec. 10 - SunCom Wireless Holdings, Inc. stockholders approved the company's Sept. 16 merger agreement with T-Mobile USA, Inc. and Tango Merger Sub, Inc. at a special meeting on Monday.
Both companies are working to obtain the necessary Federal Communications Commission approval, and the merger is expected to close no later than April, according to a news release.
T-Mobile is not required to close the transaction prior to April 15.
As previously reported, T-Mobile agreed to acquire all of the outstanding shares of common stock of SunCom for $27 per share in cash in a deal valued at some $2.4 billion including debt.
SunCom is a digital wireless communications services company based in Berwyn, Pa.
T-Mobile is a Bellevue, Wash., mobile communications company.
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