DISH Network Corp. DISH issued the following statement Tueday,
updating the status of its proposal to merge with Sprint Nextel
Corporation S:
“While DISH continues to see strategic value in a merger with Sprint,
the decisions made by Sprint to prematurely terminate our due diligence
process and accept extreme deal protections in its revised agreement
with SoftBank, among other things, have made it impracticable for DISH
to submit a revised offer by the June 18th deadline imposed by
Sprint. We will consider our options with respect to Sprint, and focus
our efforts and resources on completing the Clearwire CLWR tender offer.”
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in