Sprint may delay SoftBank shareholder vote: Bloomberg

Tue Jun 4, 2013 2:52pm EDT
 
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(Reuters) - The board of Sprint Nextel Corp (S.N: Quote) may delay next week's shareholder vote on a takeover by SoftBank Corp (9984.T: Quote), Bloomberg reported on Tuesday.

However, Sprint spokesman Doug Duvall said the company was still moving ahead with a scheduled June 12 vote for SoftBank's proposed $20.1 billion purchase of 70 percent of the No. 3 U.S. mobile provider.

Citing sources familiar with the matter, Bloomberg said Sprint's board was waiting on a binding offer from Dish Network (DISH.O: Quote), which made an unsolicited bid to acquire Sprint in mid-April.

Dish was not immediately available for comment.

(Reporting by Ben Berkowitz; Editing by Maureen Bavdek and Richard Chang)

 
A man using a mobile phone walks past a SoftBank Corp branch in Tokyo May 29, 2013. REUTERS/Toru Hanai