Sprint Nextel Corp on Monday said its merger partner SoftBank Corp has waived some terms of their agreement so that Sprint can seek more information from potential suitor Dish Network Corp.The waiver does not let Sprint disclose nonpublic information or negotiate with Dish, the company said. Dish representatives were not immediately available to comment.Two weeks ago, Dish shocked markets with a $25.5 billion cash and stock offer for Sprint, which it claimed was superior to the $20.1 billion deal SoftBank and Sprint struck last October.Last week, Sprint said it had formed a special board committee and hired advisers to consider the Dish bid. But it also said it was still on track to close its deal with SoftBank by July 1.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH remained unchanged at $39.99. In the past year, the shares have traded as low as $26.12 and as high as $40.34. On average, 3176820 shares of DISH exchange hands on a given day and today's volume is recorded at 0.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S remained unchanged at $7.12. In the past year, the shares have traded as low as $2.32 and as high as $7.35. On average, 49154300 shares of S exchange hands on a given day and today's volume is recorded at 9556.
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