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Cellular Phone Forum / Providers / Cingular / October 2004It's Official: Justice Department Approves Merger
Monday October 25, 3:26 pm ET WASHINGTON (Reuters) - U.S. antitrust authorities on Monday approved Cingular Wireless' plan to acquire rival AT&T Wireless Services Inc. for $41 billion in cash, creating the nation's biggest wireless carrier. The Justice Department said it will not oppose the deal on the condition that the No. 2 and No. 3 wireless companies sell assets in 13 markets in 11 states. The assets to be divested are in Connecticut, Georgia, Kansas, Kentucky, Louisiana, Massachusetts, Missouri, Michigan, Oklahoma, Tennessee and Texas, the department said. more detailed stories: <http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yh oo&dist=yhoo&guid=%7B6959D7F3%2DB7D4%2D4FAE%2DB639%2D904B777D6F10%7D> <http://www.miami.com/mld/miamiherald/business/10012007.htm?1c> Not yet at http://www.usdoj.gov/atr/whatsnew.htm >more detailed stories: > ><http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yh >oo&dist=yhoo&guid=%7B6959D7F3%2DB7D4%2D4FAE%2DB639%2D904B777D6F10%7D> > ><http://www.miami.com/mld/miamiherald/business/10012007.htm?1c> Registration required -- no thanks. See instead: <http://www.forbes.com/home/feeds/ap/2004/10/25/ap1608542.html>  SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular >Monday October 25, 3:26 pm ET > [quoted text clipped - 9 lines] >Louisiana, Massachusetts, Missouri, Michigan, Oklahoma, Tennessee and >Texas, the department said. The open question is whether the size of such divestitures would trigger Cingular's option to walk from the deal (or whether Cingular would decide to go ahead with fewer divestitures and take the risk of litigation). SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular > The open question is whether the size of such divestitures would trigger > Cingular's option to walk from the deal (or whether Cingular would decide to > go ahead with fewer divestitures and take the risk of litigation). Cingular agreed to the divestures. That's why Justice approved the takeover. >> The open question is whether the size of such divestitures would trigger >> Cingular's option to walk from the deal (or whether Cingular would decide to >> go ahead with fewer divestitures and take the risk of litigation). > >Cingular agreed to the divestures. That's why Justice approved the >takeover. The deal is not yet done since neither the FCC nor the Court have yet spoken. Thus greater divestiture might still be required. <quibble> The approval of the DOJ is conditional on the divestitures, not any agreement. </quibble> SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular > [POSTED TO alt.cellular.cingular - REPLY ON USENET PLEASE] > [quoted text clipped - 12 lines] > any > agreement. </quibble> But Cingular has agreed, and an agreement document has been filed in Court, unknown to you apparently. The only thing I can imagine that could stop the Buy Out now is if Navas filed suit against it, complaining that Cingular agreed to the divestiture stipulations without telling him. >> <quibble> The approval of the DOJ is conditional on the divestitures, not >> any agreement. </quibble> > >But Cingular has agreed, and an agreement document has been filed in >Court, unknown to you apparently. The Court has not yet approved the deal. >The only thing I can imagine that could stop the Buy Out now is if Navas >filed suit against it, complaining that Cingular agreed to the >divestiture stipulations without telling him. The remaining hurdles are objections from competitors and from public interest groups (e.g., Consumers Union and the Consumer Federation of America). SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular > [POSTED TO alt.cellular.cingular - REPLY ON USENET PLEASE] > [quoted text clipped - 12 lines] > The remaining hurdles are objections from competitors and from public interest > groups (e.g., Consumers Union and the Consumer Federation of America). Cingular closed the deal within an hour before anyone could file suit. THE DEAL IS DONE. <http://www.prnewswire.com/mnr/cingular/20429/docs/2ND_FINAL_FCC_Approval -Closing_Release_10-25.doc> Now (or real soon now) Free Mobile to Mobile between ATTWS and Cingular; and totally free roaming between Cingular and ATTWS Networks. Next month it's said that ATTWS customers can switch plans to get Rollover minute plans, but likely they'd lose any free 7 PM nights if they have that now; as they'd be exiting ATTWS computer systems and going into Cingular computer systems with their STILL fubar "My Account" on the web where one can no longer accurately track the minute usage; and calling the automated 611# ALSO GIVES WRONG ANSWERS, ignoring all free mobile to mobile minutes. So it's already an empty promise for Cingular to say the transition will be seamless for ATTWS customers. >> The remaining hurdles are objections from competitors and from public interest >> groups (e.g., Consumers Union and the Consumer Federation of America). > >Cingular closed the deal within an hour before anyone could file suit. Suits could still be filed. >THE DEAL IS DONE. The deal isn't completely done until the Court has approved the deal. ><http://www.prnewswire.com/mnr/cingular/20429/docs/2ND_FINAL_FCC_Approval >-Closing_Release_10-25.doc> > >Now (or real soon now) Free Mobile to Mobile between ATTWS and Cingular; >and totally free roaming between Cingular and ATTWS Networks. What Cingular actually said: Cingular will now start opening access to both the Cingular and AT&T Wireless GSM networks to further improve coverage, allowing customers of both companies to use the new, combined network without roaming charges. Customers also will have the ability to make unlimited mobile-to-mobile calls to any Cingular or AT&T Wireless customer. The key work there is "start" -- it remains to be seen how long it will take to fully implement this. In particular, I think it will take some time for the mobile-to-mobile part to happen (since it would seem to be a pretty big change to the back end systems). >Next month it's said that ATTWS customers can switch plans to get >Rollover minute plans ... Is that more than just an Internet Rumor? SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular > [POSTED TO alt.cellular.cingular - REPLY ON USENET PLEASE] > [quoted text clipped - 33 lines] > > Is that more than just an Internet Rumor? The Buyout is a done deal. Face it - You were wrong. Quit pretending it hasn't happened. Now for seamlessly merging the two companies, that could be 5 + years. 4 years after Cingular was created the pieces brought together to create Cingular STILL have not been seamless merged. Try calling 611 when you're 1000 miles from home and see what happens. >> >Next month it's said that ATTWS customers can switch plans to get >> >Rollover minute plans ... >> >> Is that more than just an Internet Rumor? No answer, so I guess it's just a rumor. >The Buyout is a done deal. Except for Court approval. >Face it - You were wrong. Quit pretending it hasn't happened. Not true, but you are of course welcome to think and say whatever you want. SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular > >The Buyout is a done deal. > > Except for Court approval. OK, John, I'll bite- you keep throwing court approval into this- what court? Neither company is in bankruptcy or probate, the Merger Agreement was accepted by AWE shareholders without legal opposition, and other than an action brought by Texas and Louisiana (which both states and the Justice Department state has been settled with Cingular) there is no court action surrounding this merger. >> >The Buyout is a done deal. >> [quoted text clipped - 6 lines] >Department state has been settled with Cingular) there is no court action >surrounding this merger. <http://www.forbes.com/associatedpress/feeds/ap/2004/10/26/ap1610023.html> The Justice Department was joined in the court settlement by the states of Texas and Connecticut. A JUDGE STILL MUST SIGN OFF ON THE AGREEMENT. [emphasis added] SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular hey i got an idea. take your pissing match off the group and let us see some real news. as someone who worked for both, and can fully appreciate who much of a mess both can be, if anything thinks this will go through smoothly, just look at the cornyism in place in both companies. the paranoia and backstabbing in corporate offices will be legendary. the only ones i feel bad for are the direct retail store employees. they'll be the ones screwed worst >Subject: Re: More on Done DEAL >From: John Navas spamfilter0@navasgroup.com [quoted text clipped - 17 lines] > >Not true, but you are of course welcome to think and say whatever you want. Jeff Ream I am the drummer your color guard captain warned you about >hey i got an idea. > >take your pissing match off the group and let us see some real news. hey i got an idea take your off-topic criticism off the group. SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular sorry sir it's not off topic. you have clogged up the group with your he said she said argument. like you usually do, you have to be God and win the argument. you're why many people do not like to post here. >Subject: Re: More on Done DEAL >From: John Navas spamfilter0@navasgroup.com [quoted text clipped - 13 lines] > >take your off-topic criticism off the group. Jeff Ream I am the drummer your color guard captain warned you about >>From: John Navas spamfilter0@navasgroup.com >>take your off-topic criticism off the group. >sorry sir it's not off topic. Not true. The charter (which I wrote) clearly states (in part): Inappropriate (banned) articles: * Off-topic (not directly related to Cingular Wireless service) * Personal insults or repetitive flaming (attacks) Please respect it. SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular > [POSTED TO alt.cellular.cingular - REPLY ON USENET PLEASE] > [quoted text clipped - 11 lines] > > Please respect it. Who makes YOU the master of USENET ?? This is an unmoderated group, and we've seen many posts the last few days from folks that find YOU offensive. >> [POSTED TO alt.cellular.cingular - REPLY ON USENET PLEASE] >> [quoted text clipped - 13 lines] > >Who makes YOU the master of USENET ?? I'm not I am the author of the charter and creator of this newsgroup. >This is an unmoderated group, and we've seen many posts the last few >days from folks that find YOU offensive. Sadly, there seem to be a few bad apples in every Usenet barrel. SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular > >Who makes YOU the master of USENET ?? > > I'm not I am the author of the charter and creator of this newsgroup. And you stand behind that as you come in here playing net-kop to try to make things go YOUR way. Which means you're trying to be the "master of USENET", as he said. Tell us all, John: why does your charter matter? Why does the fact that you went through the steps to create a newsgroup matter? It doesn't. Anyone can create a newsgroup. Big deal. You're like the slow kid who enjoys telling the world how he didn't fall out of bed this morning. >> >Who makes YOU the master of USENET ?? >> >> I'm not I am the author of the charter and creator of this newsgroup. >Tell us all, John: why does your charter matter? Because it governs this newsgroup. >Why does the fact >that you went through the steps to create a newsgroup matter? Because it otherwise wouldn't exist. >It doesn't. Anyone can create a newsgroup. ... So go do it. Instead of doing your best to trash this one. Does being a jerk come naturally, or do you have to work at it? SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular > >Tell us all, John: why does your charter matter? > > Because it governs this newsgroup. No, it doesn't. Never did. You like it because you wrote it, now you're trying to impose it on the rest of the world. This isn't 1988, John. The Usenet is a way different beast than it was years ago. Charters? Meaningless. But, just like the fact that the Cingular/ATTWS deal is completely done, you refuse to accept the realities of life. >> >Tell us all, John: why does your charter matter? >> >> Because it governs this newsgroup. > >No, it doesn't. ... You are as badly misinformed as you are rude and childish. SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular > >Why does the fact > >that you went through the steps to create a newsgroup matter? > > Because it otherwise wouldn't exist. But it does exist. Therefore, nobody cares how it came to exist. You're just trying to make yourself look important, but nobody cares. then practice what you preach. i'vbe followed the newsgroups for a long time, and you make some of the Sprint trolls look bad. as someone who worked both places, as well as Vanguard before AWS bought them, i'm placed with many people who really know. and you don't. >Subject: Re: More on Done DEAL >From: John Navas spamfilter0@navasgroup.com [quoted text clipped - 30 lines] > >Sadly, there seem to be a few bad apples in every Usenet barrel. Jeff Ream I am the drummer your color guard captain warned you about > >>take your off-topic criticism off the group. > > >sorry sir it's not off topic. > > Not true. The charter (which I wrote) and which no one cares about.... So, John: more with the he said/she said? Which are you, pitcher or catcher? >> >>take your off-topic criticism off the group. >> [quoted text clipped - 3 lines] > >and which no one cares about.... Correction: which you don't care about, because you have no respect for others. Grow up. SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular > >> Not true. The charter (which I wrote) > > > >and which no one cares about.... > > Correction: which you don't care about, because you have no respect for > others. I have plenty of respect for others. However, I feel no need to respect 40 words written on a screen just because YOU wrote them. You want respect, and you're trying to get it in a strange, strange way. Ever hear of EARNING respect? Naw. I thought not. >> >> Not true. The charter (which I wrote) >> > [quoted text clipped - 4 lines] > >I have plenty of respect for others. ... Patently untrue. Grow up. SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular > [POSTED TO alt.cellular.cingular - REPLY ON USENET PLEASE] > [quoted text clipped - 14 lines] > > Please respect it. UNMODERATED newsgroup. If you wish to control what is being said here I suggest you create a MODERATED group. The posts in this thread became an off-shoot of the original. They are therefore, OT. SignatureAndrew D. Sisson >>... The charter (which I wrote) clearly states (in part): >> [quoted text clipped - 3 lines] >> >> Please respect it. >UNMODERATED newsgroup. If you wish to control what is being said here >I suggest you create a MODERATED group. >The posts in this thread became an off-shoot of the original. >They are therefore, OT. Does being a jerk come naturally, or do you have to work at it? SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular >>>... The charter (which I wrote) clearly states (in part): >>> [quoted text clipped - 14 lines] > [POSTED TO alt.cellular.cingular - REPLY ON USENET PLEASE] > Does being a jerk come naturally, or do you have to work at it? I am not trying to be a jerk. I'm just trying to point out that this group is UNmonderated and that you don't need to be playing the part of moderator. It also seems to me that the thread that we are referencing here IS part of the original and is, therefore, on topic. SignatureAndrew D. Sisson >>>>... The charter (which I wrote) clearly states (in part): >>>> [quoted text clipped - 11 lines] >>>The posts in this thread became an off-shoot of the original. >>>They are therefore, OT. >> Does being a jerk come naturally, or do you have to work at it? >I am not trying to be a jerk. I'm just trying to point out that this group >is UNmonderated and that you don't need to be playing the >part of moderator. I'm not. I'm politely asking people to respect the charter. Do you even know what moderation is? >It also seems to me that the thread that we >are referencing here IS part of the original and is, therefore, on topic. This meta discussion is clearly off-topic. Read the charter. Off-shoots (your term) are not exempt from being on-topic. SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular > >I am not trying to be a jerk. I'm just trying to point out that this group > >is UNmonderated and that you don't need to be playing the > >part of moderator. > > I'm not. I'm politely asking people to respect the charter. Yeah. Every time you turn around. And you never fail to mention that you created the newsgroup. Just what ARE you trying to accomplish? I know: nothing more than blowing your own horn, talking for the sake of hearing your own voice. It's your favorite thing in the world. Nobody cares, John. Accept it and move on. > > >I am not trying to be a jerk. I'm just trying to point out that this group > > >is UNmonderated and that you don't need to be playing the [quoted text clipped - 11 lines] > > Nobody cares, John. Accept it and move on. Usenet protocol (observed in the breach by Navas) says you don't snip out relevant pieces of a post and then misrepresent the leftovers as the whole in responding to them. So whenever he wants Navas wants others to observe a meaningless unenforceable Charter, but since he wrote it, it's provisions don't apply to him. We're grateful he created the group, and the Charter can be a suggested guide to behavior, but as an unmoderated group, if someone once in a lifetime wants to mention they've posted a phone for sale on eBay, I see ZERO wrong with that. he just followed your lead. >Subject: Re: More on Done DEAL >From: John Navas spamfilter0@navasgroup.com [quoted text clipped - 17 lines] > >Does being a jerk come naturally, or do you have to work at it? Jeff Ream I am the drummer your color guard captain warned you about then take your off topic "i;m right you're wrong" elsewhere. IMO, neither of you are right. >Subject: Re: More on Done DEAL >From: John Navas spamfilter0@navasgroup.com [quoted text clipped - 19 lines] > >Please respect it. Jeff Ream I am the drummer your color guard captain warned you about > No answer, so I guess it's just a rumor. Those rumor mongers are at it again! "Plans are already underway to make Rollover Minutes available to you. Please check back on November 10, 2004 for an update. Our goal is to have this feature available to you by this holiday season. To get a plan with Rollover, you will need to change to a Cingular Nation® Plan $39.99 or higher. You will also need to get a new Cingular GSM phone." http://www.newcingular.com/a_benefits.html >> No answer, so I guess it's just a rumor. > [quoted text clipped - 7 lines] > >http://www.newcingular.com/a_benefits.html In other words, the rumor wasn't completely accurate. SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular > Cingular will now start opening access to both the Cingular and AT&T > Wireless GSM networks to further improve coverage, allowing customers [quoted text clipped - 6 lines] > the mobile-to-mobile part to happen (since it would seem to be a pretty big > change to the back end systems). Cingular started configuring base stations with AWE alpha tags as early as March of this year. m2m will likely take longer since their billing systems have not been merged yet. They both use Siebel for CRM so it will theoretically be possible but both companies have poor track records for Siebel upgrades. There is still some speculation that AT&T Wireless' last bungled upgrade was fouled up on purpose in order to start the path to selling the company. Considering that AWE's IT dept's plan was overriden by upper management, that is not too unlikely. See http://www.cio.com/archive/041504/wireless.html for more info. -Gary >... There is still some speculation that AT&T >Wireless' last bungled upgrade was fouled up on purpose in order to >start the path to selling the company. Considering that AWE's IT dept's >plan was overriden by upper management, that is not too unlikely. See >http://www.cio.com/archive/041504/wireless.html for more info. I frankly think that speculation is pretty silly. SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular > I frankly think that speculation is pretty silly. I thought the "magic bullet" theory was pretty silly, too. I'd have to dig up the article, but Vodafone dropped out of the bidding after an early morning phone call to a Vodafone exec. The theory is that whatever news was shared prompted Vodafone to drop out of the bidding war. -Gary > >... There is still some speculation that AT&T > >Wireless' last bungled upgrade was fouled up on purpose in order to [quoted text clipped - 3 lines] > > I frankly think that speculation is pretty silly. John, no one cares what you THINK. Stick to the facts. Just because it comes out of your mouth doesn't mean it's golden or that anyone wants to hear it. > [POSTED TO alt.cellular.cingular - REPLY ON USENET PLEASE] > [quoted text clipped - 12 lines] > any > agreement. </quibble> The deal is done! <http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yh oo&dist=yhoo&guid=%7B9566A25A%2DC18F%2D4F24%2DA041%2D73C9320FDC22%7D> WASHINGTON (CBS.MW) -- Cingular Wireless on Tuesday completed its $41 billion purchase of AT&T Wireless shortly after receiving clearance from U.S. regulators. >> <quibble> The approval of the DOJ is conditional on the divestitures, not >> any agreement. </quibble> [quoted text clipped - 3 lines] ><http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yh >oo&dist=yhoo&guid=%7B9566A25A%2DC18F%2D4F24%2DA041%2D73C9320FDC22%7D> Actual press release from Cingular: <http://www.prnewswire.com/mnr/cingular/20429/> SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular > [POSTED TO alt.cellular.cingular - REPLY ON USENET PLEASE] In article <m0ufd.1155$_3.19716@typhoon.sonic.net>, > [POSTED TO alt.cellular.cingular - REPLY ON USENET PLEASE] > [quoted text clipped - 16 lines] > any > agreement. </quibble> The deal is done! > Actual press release from Cingular: > <http://www.prnewswire.com/mnr/cingular/20429/> Thanks for the URL, too bad you left out where you were saying the deal wasn't being done: While you were posting: > The deal is not yet done since neither the FCC nor the Court have yet spoken. > Thus greater divestiture might still be required. THE DEAL W A S closing. But you hid your error by snipping my post to purposely misrepresent what I said. >> Actual press release from Cingular: >> <http://www.prnewswire.com/mnr/cingular/20429/> [quoted text clipped - 9 lines] >THE DEAL W A S closing. But you hid your error by snipping my post to >purposely misrepresent what I said. The deal isn't completely done until the Court has approved the deal. SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular > [POSTED TO alt.cellular.cingular - REPLY ON USENET PLEASE] In article <ypvfd.1172$_3.19663@typhoon.sonic.net>, > [POSTED TO alt.cellular.cingular - REPLY ON USENET PLEASE] > > In <jzwick3-9EC9F5.11204926102004@news1.west.earthlink.net> on Tue, 26 Oct In article <m0ufd.1155$_3.19716@typhoon.sonic.net>, > [POSTED TO alt.cellular.cingular - REPLY ON USENET PLEASE] > [quoted text clipped - 16 lines] > any > agreement. </quibble> The deal is done! > Actual press release from Cingular: > <http://www.prnewswire.com/mnr/cingular/20429/> Thanks for the URL, too bad you left out where you were saying the deal wasn't being done: While you were posting: > The deal is not yet done since neither the FCC nor the Court have yet spoken. > Thus greater divestiture might still be required. THE DEAL W A S closing. But you hid your error by snipping my post to purposely misrepresent what I said. > The deal isn't completely done until the Court has approved the deal. The papers were filed yesterday. The deal is done, whether you believe it or not. >>... >THE DEAL W A S closing. But you hid your error by snipping my post to >purposely misrepresent what I said. Not true. (You need to turn down both the paranoia and the accusations.) >> The deal isn't completely done until the Court has approved the deal. > >The papers were filed yesterday. The deal is done, whether you believe >it or not. As I wrote, the deal isn't completely done until the Court has approved it. SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular > [POSTED TO alt.cellular.cingular - REPLY ON USENET PLEASE] > [quoted text clipped - 7 lines] > The deal is not yet done since neither the FCC nor the Court have yet spoken. > Thus greater divestiture might still be required. Then you'll need to explain the Cingular banner that tops the old AWE website. > <quibble> The approval of the DOJ is conditional on the divestitures, not any > agreement. </quibble> But the approval was given (conditionally or not) based on an agreement to divest. >> The deal is not yet done since neither the FCC nor the Court have yet spoken. >> Thus greater divestiture might still be required. > >Then you'll need to explain the Cingular banner that tops the old AWE >website. Cingular is simply taking the risk that the Court will bless the deal. <http://www.forbes.com/associatedpress/feeds/ap/2004/10/26/ap1610023.html> The Justice Department was joined in the court settlement by the states of Texas and Connecticut. A JUDGE STILL MUST SIGN OFF ON THE AGREEMENT. [emphasis added] >> <quibble> The approval of the DOJ is conditional on the divestitures, not any >> agreement. </quibble> > >But the approval was given (conditionally or not) based on an agreement to >divest. Was there a point there? SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular > [POSTED TO alt.cellular.cingular - REPLY ON USENET PLEASE] > [quoted text clipped - 5 lines] > > Cingular is simply taking the risk that the Court will bless the deal. According to who? You? Your 'expertise' here is highly suspect, John. Having dealt with cellular acquisitions, divestitures and the beginnings of a new merger, I'll forgive your naive approach to this. You keep whining about the courts when you know damn well there is nothing left for the partis involved to do here. The merger is complete. > <http://www.forbes.com/associatedpress/feeds/ap/2004/10/26/ap1610023.html> > [quoted text clipped - 9 lines] > > Was there a point there? Much more of a point than you made- you are selectively choosing your sound bytes in this- makes you seem a little bitter and very uninformed >> Cingular is simply taking the risk that the Court will bless the deal. > >According to who? The law. >You? Your 'expertise' here is highly suspect, John. >Having dealt with cellular acquisitions, divestitures and the beginnings of >a new merger, I'll forgive your naive approach to this. I'd be willing to bet that I've done more M&A work than you have. :) >You keep whining >about the courts when you know damn well there is nothing left for the >partis involved to do here. The merger is complete. The transaction has closed, but is still subject to Court approval, which, as a matter of law, won't occur before the end of the 60 day comment period. While the Court is unlikely to intervene, it is nonetheless possible. Thus there is risk, but only a small risk, that Cingular has elected to accept. >> <http://www.forbes.com/associatedpress/feeds/ap/2004/10/26/ap1610023.html> >> >> The Justice Department was joined in the court settlement by the >> states of Texas and Connecticut. A JUDGE STILL MUST SIGN OFF ON THE >> AGREEMENT. [emphasis added] And that's a fact. SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular > [POSTED TO alt.cellular.cingular - REPLY ON USENET PLEASE] > [quoted text clipped - 15 lines] > Cingular's option to walk from the deal (or whether Cingular would decide to > go ahead with fewer divestitures and take the risk of litigation). Considering the company wide email that went out today, i don't think cingular's going to be pulling out of the deal. > Considering the company wide email that went out today, i don't think > cingular's going to be pulling out of the deal. Which company? Perhaps you're referring to the Navas Group / Zwick LLC merger? I got that same email but the NavasZwicky Clonebots PAC are prompting shareholders to forego their weekly sperm bank donations until the FCC, DOJ, DEA, FBI, CIA, NSA, and EEU have all approved the merger. -Gary >> Considering the company wide email that went out today, i don't think >> cingular's going to be pulling out of the deal. [quoted text clipped - 5 lines] > > -Gary SBC >> The open question is whether the size of such divestitures would trigger >> Cingular's option to walk from the deal (or whether Cingular would decide to >> go ahead with fewer divestitures and take the risk of litigation). > >Considering the company wide email that went out today, i don't think >cingular's going to be pulling out of the deal. I agree, now that I've seen the FCC position. SignatureBest regards, HELP FOR CINGULAR GSM & SONY ERICSSON PHONES: John Navas <http://navasgrp.home.att.net/#Cingular |
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