LUBBOCK, Texas-Alamosa Holdings Inc. has announced that its stockholders are set to vote Jan. 25 on Alamosa’s proposed acquisition by Sprint Nextel Corp.
If the deal is approved, owners of Alamosa common stock will receive $18.75 per share in a deal that totals $4.3 billion and will give Sprint Nextel an additional 1.48 million direct wireless subscribers. Alamosa provides Sprint Nextel CDMA service in 19 states and is the carrier’s largest CDMA affiliate.
Alamosa’s board of directors already has approved the sale and has recommended that shareholders support it.
