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Sprint and Nextel - merger completed

Posted: , by PhoneArena Team

Sprint and Nextel - merger completed

Sprint and Nextel announced that they have completed their merger transaction, forming the new Sprint Nextel Corporation. The common stock of Sprint Nextel will begin trading in Aug. 15, 2005, under the single symbol “S.”. Each outstanding share of Nextel common stock will be converted into a combination of Sprint Nextel common stock and cash with a value equal to 1.3 shares of Sprint Nextel common stock. Sprint Nextel will go-to-market using the Sprint brand name, with the Nextel name continuing as a key product brand.

Source: Sprint

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