Sprint Nextel (S) to buy its affiliate IPCS Inc. (IPCS) for $24/share, a 34% premium. Including...

|By:, SA News Editor

Sprint Nextel (S) to buy its affiliate IPCS Inc. (IPCS) for $24/share, a 34% premium. Including $405M of debt, the deal will cost Sprint $831M. (PR) IPCS +33% to $23.79 premarket.