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Archived from groups: alt.cellular.attws,alt.cellular.cingular (More info?)
<http://www.usdoj.gov/atr/public/press_releases/2004/205960.htm>
MONDAY, OCTOBER 25, 2004
JUSTICE DEPARTMENT REQUIRES DIVESTITURES IN CINGULAR WIRELESS'S
ACQUISITION OF AT&T WIRELESS
...
The Department's Antitrust Division filed a civil lawsuit today in
U.S. District Court in Washington, D.C. to block the proposed
transaction. At the same time, the Department filed a proposed
settlement that, if approved by the court, would resolve the
Department's competitive concerns and the lawsuit. The Department was
joined in its lawsuit and proposed settlement by the Attorneys
General of the states of Texas and Connecticut.
...
As required by the Tunney Act, the proposed settlement will be
published in The Federal Register, along with the Department's
competitive impact statement. Any person may submit written comments
concerning the proposed settlement during a 60-day comment period to
Nancy M. Goodman, Chief, Telecommunications and Media Enforcement
Section, Antitrust Division, United States Department of Justice,
1401 H Street, N.W., Suite 8000, Washington, D.C. 20530
(202-514-5621).
At the conclusion of the 60-day comment period, the U.S. District
Court for the District of Columbia may enter the proposed consent
decree upon finding that it is in the public interest.
###
04-718
In other words, it's not really a "done deal" -- though unlikely, the court
could still reject the proposed settlement, based on public comment and/or
findings by the court. The court could even order the merger to be undone.
--
Best regards,
John Navas <http://navasgrp.home.att.net/>
<http://www.usdoj.gov/atr/public/press_releases/2004/205960.htm>
MONDAY, OCTOBER 25, 2004
JUSTICE DEPARTMENT REQUIRES DIVESTITURES IN CINGULAR WIRELESS'S
ACQUISITION OF AT&T WIRELESS
...
The Department's Antitrust Division filed a civil lawsuit today in
U.S. District Court in Washington, D.C. to block the proposed
transaction. At the same time, the Department filed a proposed
settlement that, if approved by the court, would resolve the
Department's competitive concerns and the lawsuit. The Department was
joined in its lawsuit and proposed settlement by the Attorneys
General of the states of Texas and Connecticut.
...
As required by the Tunney Act, the proposed settlement will be
published in The Federal Register, along with the Department's
competitive impact statement. Any person may submit written comments
concerning the proposed settlement during a 60-day comment period to
Nancy M. Goodman, Chief, Telecommunications and Media Enforcement
Section, Antitrust Division, United States Department of Justice,
1401 H Street, N.W., Suite 8000, Washington, D.C. 20530
(202-514-5621).
At the conclusion of the 60-day comment period, the U.S. District
Court for the District of Columbia may enter the proposed consent
decree upon finding that it is in the public interest.
###
04-718
In other words, it's not really a "done deal" -- though unlikely, the court
could still reject the proposed settlement, based on public comment and/or
findings by the court. The court could even order the merger to be undone.
--
Best regards,
John Navas <http://navasgrp.home.att.net/>