Sprint Nextel has filed another suit against Nextel Partners, further muddying the dispute with its affiliate. The second suit seeks a proxy statement from September, forecasts and business plans for 2005 and beyond, agreements relating to the possible change in control for Nextel Communications, and information relating to the hiring of Morgan Stanley. Sprint had requested the documents earlier in the month but claims that Nextel Partners has ignored its request. In the initial suit, Sprint attempted to get a Delaware judge to rule on certain disputes over the process of valuing Nextel Partners, which Sprint may be forced to buy. The companies have yet to reach a consensus on the deal's price tag.
For more on the latest suit:
- take a look at this article [1] from Dow Jones
Links:
[1] http://news.morningstar.com/news/DJ/M10/D18/200510181518DOWJONESDJONLINE000862.html