Palmer Wireless Shareholders Approve Merger With Price Communications; Transaction Expected to Close

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Palmer Wireless Shareholders Approve Merger With Price Communications; Transaction Expected to Close - October 6th

    FT. MYERS, Fla., Sept. 25 /PRNewswire/ -- Palmer Wireless, Inc.
(Nasdaq: PWIR) announced today that its shareholders overwhelmingly approved
the merger with Price Communications Inc. (Amex: PR) at a meeting held this
morning.  In the transaction, expected to close on October 6th, Price
Communications will pay $17.50 in cash for each Palmer Wireless share.
Following the close of this transaction, Palmer Wireless will become a wholly
owned subsidiary of Price Communications Inc., and will be re-named Price
Communications Wireless.  Price Communications Wireless will remain
headquartered in Fort Myers, Florida.

SOURCE Palmer Wireless, Inc.