Tags: Sprint | Dish | shareholder | vote

Sprint May Delay SoftBank Shareholder Vote

Tuesday, 04 Jun 2013 03:00 PM

The board of Sprint Nextel Corp. may delay next week's shareholder vote on a takeover by SoftBank Corp., Bloomberg reported on Tuesday.

However, Sprint spokesman Doug Duvall said the company was still moving ahead with a scheduled June 12 vote for SoftBank's proposed $20.1 billion purchase of 70 percent of the No. 3 U.S. mobile provider.

Citing sources familiar with the matter, Bloomberg said Sprint's board was waiting on a binding offer from Dish Network, which made an unsolicited bid to acquire Sprint in mid-April.

Dish was not immediately available for comment.

© 2017 Thomson/Reuters. All rights reserved.

 
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The board of Sprint Nextel Corp. may delay next week's shareholder vote on a takeover by SoftBank Corp., Bloomberg reported on Tuesday.
Sprint,Dish,shareholder,vote
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2013-00-04
Tuesday, 04 Jun 2013 03:00 PM
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