SoftBank Corp. says it believes its bid for U.S. wireless carrier Sprint Nextel is a better choice than the $25.5 billion counteroffer by Dish Network Corp.
Tag Archives: Dish Network Corp
Dish Network Offering to Buy Sprint in $25.5 Billion Deal
Filed under: Telecommunications, Sprint
NEW YORK (AP) – Dish Network is offering to buy Sprint Nextel Corp. in a cash-and-stock deal it values at $25.5 billion, saying its bid is superior to that of Japanese phone company SoftBank.
Sprint’s stock jumped in premarket trading Monday.
Dish, an Englewood, Colo. satellite television company, said that its transaction includes $17.3 billion in cash and $8.2 billion in stock.
Sprint stockholders would receive $7 per share, which is a 13 percent premium to its Friday closing price of $6.22. This includes $4.76 per share in cash and 0.05953 Dish shares per Sprint share.
Softbank is seeking approval from U.S. authorities for its $20 billion purchase of a 70 percent stake in Sprint Nextel Corp. that would be Japan‘s biggest foreign acquisition ever.
Dish Network Corp. said that its offer is a 13 percent premium to the existing SoftBank proposal.
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From: http://www.dailyfinance.com/2013/04/15/dish-network-offering-to-buy-sprint-in-25-5-billion-deal/
Clearwire continues review of Dish offer, recommends Sprint deal
Clearwire Corp said on Friday that it was still evaluating an offer from Dish Network Corp to buy the company for $3.
Source: FULL ARTICLE at Fox Business Headlines
Dish Network makes $5.15B bid for Clearwire
Wireless network operator Clearwire, which agreed to sell itself to Sprint in December, says satellite TV provider Dish Network Corp. is offering to buy the company for $3.30 per share, or $5.15 billion.
Source: FULL ARTICLE at Phys.org