SoftBank To Permit Govt. Veto Power Over Sprint Board SeatMani
Japan’s Softbank Corp (OTCMKTS:SFTBF) (TYO:9984) has offered to appoint a security director if it is successful in its $20 billion bid to buy a majority stake in U.S. based Sprint Nextel Corporation (NYSE:S).
The government-approved director will monitor national security issues relating to SoftBank’s takeover of Sprint Nextel, according to a exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
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