SoftBank Increases Sprint Nextel Offer To $21.6B – ValueWalk Premium
Sprint
11Jun

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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Author

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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