FORT MYERS, Fla., Sept. 18 /PRNewswire/ -- Following the announcement by
Price Communications Corporation (Amex: PR) of the withdrawal of its tender
offer for Palmer Wireless, Inc. (Nasdaq: PWIR) common stock, the board of
directors of Palmer Wireless has decided to further adjourn the special
meeting of stockholders, scheduled for the purpose of considering the merger
agreement between Palmer Wireless and Price Communications, until 9:00 a.m. on
September 25, 1997. The board believes that the adjournment will provide
Palmer Wireless stockholders with adequate time to consider Price
Communications' withdrawal of the tender offer prior to the stockholder vote
to approve the merger agreement.
SOURCE Palmer Wireless, Inc.
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CONTACT:
Wayne Wisehart or Jeff Green of Palmer
Wireless, 813-433-8220
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