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Dish (DISH) responds to SoftBank's (SFTBF.PK) higher offer for Sprint (S) simply by stating it...

Dish (DISH) responds to SoftBank's (SFTBF.PK) higher offer for Sprint (S) simply by stating it will review its options. Paulson & Co. (7%+ stake in Sprint) backs SoftBank's revised bid, which goes to a vote on June 25. The new offer increases the cash given to Sprint investors to $5.50/share from $4.02/share, raises SoftBank's offer price for investor shares to $7.65 from $7.30, and raises the price of SoftBank's $1.9B investment in Sprint to $6.25/share from $5.25/share. But it also gives SoftBank a 78% stake (up from 70%), and $3B of the extra $4.5B in investor cash is being diverted from Sprint. Clearwire (CLWR) remains a wild card for both sides.
Comments (2)
  • CLWR gets more valuable with each new Son bid. Too bad he's willing and anxious to go along with the Hesse/Stanton screwing of their Cl A shareholders.
    11 Jun 2013, 06:58 AM Reply Like
  • There is no way Dish can compare to SoftBank's offer, whether previously or even now, Dish is buried in Debt and does not have the experience or access to the technology required to keep pace with the constant changes of the wireless industry. Charlie would be much better off to seek a partnership with Softbank.
    11 Jun 2013, 09:05 AM Reply Like
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