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Fire14 · 12-05-2005, 8:31 AM

Alamosa Discloses Derivative Suit Tied To Sprint Nextel Merger

WASHINGTON -(Dow Jones)- Alamosa Holdings Inc. disclosed Friday that a purported shareholder derivative class action was filed in the District Court of Lubbock County, Texas, related to the company's impending merger with Sprint Nextel Corp.

The suit alleges that Alamosa's executives provided confidential information to Sprint in exchange for stock options that vest when the company is sold.

Sprint Nextel's planned acquisition of Alamosa for about $3.4 billion in cash, or $18.75 per share, was announced Nov. 22. The purported class action was filed the next day.

Shares of Alamosa closed at $18.46 Friday.

The plaintiffs are seeking to halt the merger, to impose a constructive trust upon any benefits improperly received by defendants as a result of wrongful conduct and reimbursement of legal fees.

The merger, expected to close in the first quarter of 2006, is pending shareholder approval.

Alamosa is a Sprint-affiliated holding company based in Lubbock. Through its units, it provides mobile phone services under the Sprint PCS brand name and uses Sprint's national network.

bobolito · 12-05-2005, 11:57 AM

So Alamosa wants to merge with Sprint, but now they are suing against it?

Gman · 12-05-2005, 2:14 PM

The board of Alamosa sold to the company to Sprint but some shareholders feel it was not in good faith and are suing to block it in a class action suit.

G.

larry · 12-05-2005, 6:37 PM

Like this is really going to stop the merger. Funny

agentHibby · 12-05-2005, 6:55 PM

Stuff like this is bound to happen with Nextel Partners and other affilates too.

WirelessBeachBum · 12-05-2005, 7:32 PM

Quote:

Originally Posted by larry

Like this is really going to stop the merger. Funny

It's not going to stop the merger, however, some larger shareholders may get bought out independently of the merger...just to go away.

jrip · 12-05-2005, 7:51 PM

Quote:

Originally Posted by WirelessBeachBum

It's not going to stop the merger, however, some larger shareholders may get bought out independently of the merger...just to go away.

AMEN to that!!!!!!!!!

12-05-2005, 8:31 AM	#1
Fire14 Easy,Cheap & Sleazy Join Date: Sep 2002 Location: Union County NJ Posts: 8,457 Phone(s): EnV, V750 Provider(s): Verizon Thanks: 2 Thanked 1 Time in 1 Post Images: 293 My Auctions	Alamosa Holdings sue's to stop Sprint/Nextel pending merger with them Alamosa Discloses Derivative Suit Tied To Sprint Nextel Merger WASHINGTON -(Dow Jones)- Alamosa Holdings Inc. disclosed Friday that a purported shareholder derivative class action was filed in the District Court of Lubbock County, Texas, related to the company's impending merger with Sprint Nextel Corp. The suit alleges that Alamosa's executives provided confidential information to Sprint in exchange for stock options that vest when the company is sold. Sprint Nextel's planned acquisition of Alamosa for about $3.4 billion in cash, or $18.75 per share, was announced Nov. 22. The purported class action was filed the next day. Shares of Alamosa closed at $18.46 Friday. The plaintiffs are seeking to halt the merger, to impose a constructive trust upon any benefits improperly received by defendants as a result of wrongful conduct and reimbursement of legal fees. The merger, expected to close in the first quarter of 2006, is pending shareholder approval. Alamosa is a Sprint-affiliated holding company based in Lubbock. Through its units, it provides mobile phone services under the Sprint PCS brand name and uses Sprint's national network.

12-05-2005, 11:57 AM	#2
bobolito iPhone 3G 16GB (White) Join Date: May 2002 Location: in front of my computer Posts: 12,539 Phone(s): iPhone 3G, Sierra 875 3G Aircard Provider(s): AT&T Mobility Devices: WiFi cards/Access points Thanks: 3 Thanked 17 Times in 14 Posts Images: 50 My Auctions	Re: Alamosa Holdings sue's to stop Sprint/Nextel pending merger with them So Alamosa wants to merge with Sprint, but now they are suing against it? __________________

12-05-2005, 2:14 PM	#3
Gman Join Date: Mar 2002 Location: San Diego Posts: 474 Phone(s): Treo 700P Provider(s): Sprint Thanks: 0 Thanked 0 Times in 0 Posts Images: 10	Re: Alamosa Holdings sue's to stop Sprint/Nextel pending merger with them The board of Alamosa sold to the company to Sprint but some shareholders feel it was not in good faith and are suing to block it in a class action suit. G.

12-05-2005, 6:37 PM	#4
larry Go Angels! Join Date: Oct 2001 Location: Orange County, CA Posts: 13,379 Phone(s): LG Rumor 2, Sanyo Katana II Provider(s): Sprint Thanks: 29 Thanked 25 Times in 24 Posts Images: 154 My Auctions	Re: Alamosa Holdings sue's to stop Sprint/Nextel pending merger with them Like this is really going to stop the merger. Funny

12-05-2005, 6:55 PM	#5
agentHibby Iowa Cellular Guru Join Date: Sep 2003 Location: SID 150 or 1214 Posts: 3,472 Phone(s): Nokia 6256i, (retired) Motorola V120c, Timeport 270c, Nokia 252 (Airtouch) Provider(s): Verizon Wireless Thanks: 0 Thanked 0 Times in 0 Posts	Re: Alamosa Holdings sue's to stop Sprint/Nextel pending merger with them Stuff like this is bound to happen with Nextel Partners and other affilates too. __________________ If Verizon can buy out their affiliates they would be better off.

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