Sprint sets Nextel merger vote date

Jun 12 2005 - 06:02 PM ET | Nextel, Sprint Nextel
Sprint PCS has set a date for its investors to vote on the proposed merger with Nextel. The merger would not change Sprint's role as the third largest US wireless carrier, but it would greatly increase the lead over #4 T-Mobile USA. A shareholders vote has been scheduled for July 13th. Investors are expexted to rally Sprint's stock if the merger goes through.