Sprint/Nextel: Sprint ahead

Sprint and Nextel Partners are set to draw each other’s blood. The former affiliate of Nextel Communication is due to ask shareholders on Monday to exercise their put option. This would force Sprint to buy the company. The danger is that the wireless service providers will now get stuck in a dispute over price. Since Sprint announced the acquisition of Nextel Communications last December, hedge funds have piled into the stock of Nextel Partners. Their intention was to milk Sprint. This may not ...