Centennial Communications asks shareholders to support AT&T merger

By Lisa Kerner

Charlotte, N.C., Feb. 10 - Centennial Communications Corp. said RiskMetrics Group/ISS, Proxy Governance, Inc. and Egan-Jones Proxy Services have each recommended that the company's shareholders vote in favor of Centennial's merger with AT&T Inc.

The board of directors of Centennial also recommends shareholders vote in favor of the deal at a special meeting on Feb. 24, according to a schedule 14A filed with the Securities and Exchange Commission.

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.

It was previously reported that 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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