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Sprint (S +0.9%) shareholders have approved the company's merger with SoftBank (OTCPK:SFTBF); a...

Jun. 25, 2013 11:18 AM ETSprint Corporation (S) StockSFTBF, SBy: Eric Jhonsa, SA News Editor7 Comments
Sprint (S +0.9%) shareholders have approved the company's merger with SoftBank (OTCPK:SFTBF); a company spokesman says 80% of outstanding shares (and 98% of votes cast) were voted in favor of the deal. SoftBank's revised deal gives the Japanese carrier a 78% stake in Sprint, and existing investors $5.50/share in cash to go with some equity.

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