Event Study and Valuation Related to Acquisition
Cambridge Finance Partners assisted counsel for Sprint-Nextel in a matter related to a contractual obligation to acquire Nextel Partners. The purchase obligation was triggered by the Sprint-Nextel merger, and at issue was the purchase price for shares of Nextel Partners not already owned by Sprint-Nextel. While publicly traded, Nextel Partners’ share price was affected by a price-markup provisions of an existing purchase agreement as well as by expectations of acquisition. Cambridge Finance Partners provided event study analysis related to the share price of Nextel Partners and assisted counsel with determination of the impact of expectations of acquisition and the existing purchase agreement on share price.