SoftBank Increases Sprint Nextel Offer To $21.6B – ValueWalk Premium
Sprint

SoftBank Increases Sprint Nextel Offer To $21.6B

SoftBank Corp (USA) (OTCMKTS:SFTBF) (TYO:9984) agreed to enhance its offer for Sprint Nextel Corporation (NYSE:S)  by 7.5 percent to $21.6 billion to counter Dish Network Corp (NASDAQ:DISH)'s unsolicited proposal of $25.5 billion.

 

Japan’s SoftBank Corp (OTCMKTS:SFTBF) (TYO:9984)  will pay $16.6 billion to Sprint Nextel Corporation (NYSE:S)’s shareholders and infuse $5 billion of new capital . . .

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