VOL. XLV

No 1

7-January-2002

REGIONAL BANKING

Investcorp Enters Into Merger With US Unwired IncThrough Independent Wireless One

Bahrain-based Investcorp announcedon 23 December that it had entered into a merger agreement which combinesIndependent Wireless One (IWO) with US Unwired Inc. (UNWR), a Nasdaq-listedcompany, noting that under the terms of the agreement US Unwired will acquireall of the outstanding shares of IWO Holdings Inc and IWO shareholders willreceive shares of US Unwired....