25 Jun '13, 5pm

Sprint Shareholders Approve Softbank Deal

Sprint Nextel shareholders voted today to approve Japanese carrier Softbank's offer to purchase 78 percent of Sprint. Shares of the company were up almost 2 percent to $6.99 on the news. According to a press release, Sprint shareholders overwhelmingly approved the deal, with approximately 98 percent of the votes cast at today’s special shareholders meeting voting in favor of the merger agreement. Softbank has effectively purchased 80 percent of Sprint’s outstanding common stock as of April 18, 2013. Earlier this month, SoftBank responded to a Dish Network bid for Sprint by raising its bid to $21.6 billion from $20.1 billion, or $7.65 per share. Sprint's board had unanimously determined that Dish’s $25.5 billion merger proposal for Sprint was unlikely to lead to a “superior offer.” Following a “lack of progress” with Dish, whom Sprint granted clearance for due diligence, Sp...

Full article: http://www.wirelessweek.com/news/2013/06/sprint-sharehold...

Tweets

Arkansas Becomes 5th State To Approve Constitutional Carry

Arkansas Becomes 5th State To Approve Constitut...

ace.mu.nu 02 Jul '13, 2pm

Arkansas law will now consider people carrying guns the same way many state laws handle possession of any kind of hand too...

Government insists Green Deal making 'very encouraging' progress

Government insists Green Deal making 'very enco...

businessgreen.com 24 Jun '13, 10am

The government has faced a fresh flurry of criticism over its flagship Green Deal scheme, ahead of the publication on Thur...