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 Sign up here
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