Alltel

ALLTEL and 360 Communications Co. have completed their $6 billion merger, creating a dominant, full-service communications provider primarily located in the Southeast and Midwest United States. Under terms of the agreement, each share of 360 common stock is being exchanged for 0.74 of an ALLTEL share of common stock. The transaction is being accounted for as a pooling of interests. The companies announced the merger in March. Shareholders approved all matters related to the merger on June 23.