Shareholder advisory firm Egan-Jones comes out against SoftBank's (SFTBF.PK) bid to acquire 70%...
May 31 2013, 16:57 ET
Shareholder advisory firm Egan-Jones comes out against SoftBank's (SFTBF.PK) bid to acquire 70% of Sprint (S). Given Dish's (DISH) rival bid and reported talks between Sprint and Dish, the firm sees "strong potential for an improved offer" from SoftBank. Egan-Jones' stance comes as Oppenheimer speculates Dish raised its offer for Clearwire (CLWR) out of fear Sprint shareholders will approve the SoftBank deal at their June 12 meeting. Many still think Dish's real goal is to negotiate a partnership. Analyst Jack Grubman: "In his heart of hearts, I don’t think [Charlie] Ergen really wants to own Sprint, I don’t think he really wants to own Clearwire." (yesterday)