Sprint today announced that its shareholders have “overwhelmingly” approved SoftBank’s equity acquisition proposal. The vote held today had been delayed several times thanks to competing offers from Dish Networks. SoftBank recently upped its own offer for Sprint in a saga that has been unfolding since October 2012. Sprint said that 98% of today’s votes were […]
Dish Networks has given an update on its bid to acquire Sprint. According to Dish, Sprint’s recent legal actions have caused Dish to reevaluate its plans moving forward. It will drop its proposed acquisition of Sprint and will instead concentrate on acquiring Clearwire. “While Dish continues to see strategic value in a merger with Sprint, […]
Sprint today submitted a letter to Clearwire’s board of directors in which it makes clear its intent to fight Dish Networks’ proposed acquisition of Clearwire. First, Sprint says Dish’s offer, which includes a contractual agreement to name three members to Clearwire’s board as well as veto certain Clearwire actions, violates Delaware law. Further, Dish’s proposal […]
Clearwire will not hold its planned shareholder vote today, which was to decide if the company would accept Sprint’s proposed acquisition offer. The vote has already been rescheduled once. Sprint recently raised its bid for Clearwire from $2.97 per share to $3.40 pre share, an offer it called its “last and best” bid for the […]
Copyright © 2008 - 2024 · StreetCorner Media , LLC· All Rights Reserved ·