WASHINGTON-The Federal Trade Commission Tuesday signed off on Sprint Corp.’s planned $1.3 billion purchase of US Unwired Inc.
The FTC granted the approval without taking any action.
Sprint said July 11 that it would buy US Unwired’s stock for $6.25 per share and assume US Unwired debt.
By buying US Unwired, Sprint ended litigation that its former affiliate had filed protesting Sprint’s proposed merger with Nextel Communications Inc.
