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If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Pursuant to an Agreement and Plan of Merger, dated as of October 18, 2009 (the "Merger Agreement"), by and among iPCS, Inc. (the "Company"), Sprint Nextel Corporation ("Parent"), and Ireland Acquisition Corporation, a wholly-owned subsidiary of Parent (the "Purchaser"), the Purchaser commenced a tender offer to purchase all of the issued and outstanding shares of common stock, par value $0.01 per share, of the Company (the "Shares"), for $24.00 per Share, net to the seller in cash (the "Offer Price"), without interest and less any applicable withholding taxes, upon the terms and subject to the conditions set forth in the Offer to Purchase dated October 28, 2009 (the "Offer to Purchase") and in the related letter of transmittal (which, together with the Offer to Purchase, each as amended or supplemented from time to time, collectively constitute the "Offer"). |
(2) |
The Offer expired at 12:00 midnight EST on November 25, 2009. On November 27, 2009, the Purchaser accepted for payment a total 11,593,479 tendered Shares (including Shares validly tendered by notice of guaranteed delivery). In addition, on November 27, 2009, the Purchaser exercised its option granted under the Merger Agreement to purchase such number of newly issued Shares at the Offer Price such that, when added to the Shares already owned by the Purchaser and Parent and their affiliates, constitutes one Share more than 90% of the total number of Shares outstanding on a fully diluted basis (the "Top-Up Option"). The Purchaser purchased 32,438,176 Shares pursuant to the exercise of the Top-Up Option on December 4, 2009, following which the Purchaser effected a short-form merger with and into the Company. |
(3) |
In the merger, Parent acquired all of the Shares not previously tendered pursuant to the Offer (other than those Shares as to which holders properly exercise appraisal rights under applicable Delaware law) at the Offer Price. As a result of the merger, the separate corporate existence of the Purchaser ceased and the Company continues as the surviving corporation of the merger and a wholly-owned subsidiary of Parent. |