NEW YORK-Sandler Capital Management purchased 750,000 shares of Price Communications Corp. in a private transaction during October, announced Price Communications.
“Harvey Sandler is a successful media money manager and we are pleased to have his investment group as one of our largest stockholders. These funds will be used to retire debt,” said Bob Price, president of Price Communications.
Price Communications recently acquired Palmer Wireless Inc., an owner of approximately 3.4 million pops in 17 licensed areas in Florida, Alabama, Georgia and South Carolina.
Price Communications is based in New York and is publicly traded on the American, Chicago, Boston and Pacific stock exchanges.
