30 Apr '13, 2pm

Softbank Claims Its Sprint Bid Represents 21 Percent Premium over Dish Bid

Softbank today went on the offensive as it sought to defend the benefits of its $20.1 billion offer to acquire a 70 percent stake of Sprint Nextel. SoftBank Corp. said it has presented an analysis of its agreed transaction with Sprint and explained to investors why its transaction is superior to what it called "the highly leveraged, preliminary approach put forward on April 15 by Dish Network Corporation." SoftBank Chairman and CEO Masayoshi Son outlined eleven key areas where the SoftBank transaction provides greater benefits to Sprint shareholders and calculated how the SoftBank transaction provides Sprint shareholders with cash, stock and synergies collectively representing a 21 percent premium to the Dish proposal. A video of Masayoshi Son's analysis of its offer can be found here . Just yesterday, Softbank offered Sprint a waiver that would allow it to seek more infor...

Full article: http://www.wirelessweek.com/news/2013/04/softbank-claims-...

Tweets

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