Tuesday, June 25, 2013

Sprint Shareholders Vote for Softbank Deal

Sprint shareholders voted overwhelmingly in favor of Softbank's acquisition proposal.  The deal still requires FCC approval.  The companies anticipate the merger will be consummated in early July 2013.

“Today is a historic day for our company, and I want to thank our shareholders for approving this transformative merger agreement,” said Sprint CEO Dan Hesse. “The transaction with SoftBank should enhance Sprint’s long-term value and competitive position by creating a company with greater financial flexibility.”