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Dish's (DISH -1.1%) offer for Sprint (S -0.3%) amounts to a "formal proposal," and the companies...

Dish's (DISH -1.1%) offer for Sprint (S -0.3%) amounts to a "formal proposal," and the companies "continue to meet regularly and conduct the due diligence process that began in late May." Thus speaks Charlie Ergen's company in a terse PR meant to assure Sprint investors it's still working on a deal ahead of a June 12 shareholder vote on the SoftBank (SFTBF.PK) merger. Expectations are growing the vote will be postponed, as the various parties in this corporate soap opera continue to maneuver. (previous)
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