Holiday Gift Guide »

Alltel Buyout Questioned, Facing Three Lawsuits

By: , IntoMobile
Monday, May 28th, 2007 at 7:05 PM

Alltel’s takeover deal has attracted a few lawsuits. According to the Pueblo Cheiftan, the lawsuits are all related to the handling of the buyout. One lawsuit alleges that the shareholders are getting shorted in this under-valued buyout deal. Another claims that special treatment will be given to those inside the company. The third suit says that the Alltel board did not make sound decisions on the financial future of the company.

Warren Stephens, of Stephens Inc., believes that the lawsuits will be found to have no grounds. And, barring any further hiccups in this deal, we should see this deal finalized in six to nine months.

via: moconews

SPONSORED MESSAGE
Get free domestic and international calls and texts to anyone with the Vonage Mobile app available as an iPhone calling app or Android calling app.

About The Author

Will Park

Will hails from The City of Angels - Los Angeles, California. He spends his time playing with his numerous gadgets and looking forward to seeing what future holds for mobile technology. An avid promoter of a fully "digital" life, he promotes the widespread adoption of truly mobile, paper-less living. He dreams of the day when he can go completely digital. No more snail mail, paper receipts, bound books, notepads/spiral notebooks, credit cards, hard currency. He's a digital warrior - fighting for the converged life. He is an idealist and a realist - he has a perfect view of what the world should be but knows that the world is not perfect. Can we ever hope to see Will's dream become reality? We'll see...