We are pleased the Clearwire Board continues to recommend approval of our transaction and look forward to closing our merger and delivering even greater wireless service to the American consumer.
With Temple-Inland, International Paper would hold about 37% of the North American corrugated packaging market, a detail that lends some questions to whether anti-trust regulators will allow a merger to go forward.
This press release contains forward-looking statements relating to the proposed merger and related transactions (the "transaction") between Sprint and Clearwire.
We are prepared to move forward immediately with formal due diligence and the negotiation and execution of a definitive merger agreement, and believe that with adequate access to the necessary information and people, we can complete both in approximately two weeks.