Centennial Communications sets Feb. 24 meeting date for AT&T merger vote

By Lisa Kerner

Charlotte, N.C., Jan. 9 - Centennial Communications Corp. shareholders will be asked to approve the company's acquisition by AT&T Inc. at a special meeting at 10 a.m. ET on Feb. 24 in New York.

Record date for the meeting is Jan. 13, Centennial said.

In November, Centennial agreed to be acquired by AT&T for $8.50 per share in cash for a total equity price of $944 million.

The total enterprise value of the transaction, including net debt, is approximately $2.8 billion, according to Centennial.

Centennial's largest shareholder, Welsh, Carson, Anderson & Stowe, agreed to vote in favor of the transaction, which is expected to close by the end of the second quarter of 2009.

AT&T is a Dallas-based communications holding company.

Centennial is a Wall, N.J., provider of regional wireless and integrated communications services in the United States and Puerto Rico.

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