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Tuesday, February 5, 2013

Market Chatter-Corporate finance press digest, (NYSE: S)

The following corporate finance-related stories were reported by media on Wednesday: * Softbank Corp will issue $3.2 billion in corporate bonds, the biggest ever by a non-financial Japanese firm to retail investors, to convert part of the $17.7 billion in short-term loans used to purchase Sprint Nextel Corp to longer term debt, two sources familiar with the matter said.* Online scrapbook Pinterest is trying to raise a new round of funding that would give it a valuation of $2 billion to $2.5 billion, the Wall Street Journal reported.

Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S fell by 0.52% or $-0.03/share to $5.71. In the past year, the shares have traded as low as $2.20 and as high as $6.04. On average, 37403900 shares of S exchange hands on a given day and today's volume is recorded at 23097428.