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Tuesday, April 30, 2013

SoftBank digs in on Sprint bid, rules out sweeteners, (NASDAQ: DISH), (NYSE: S)

SoftBank Corp President Masayoshi Son came out swinging on Tuesday against a counteroffer for Sprint Nextel Corp, saying rival bidder Dish Network Corp was ill-prepared to run the wireless carrier and refusing to raise his own $20.1 billion bid.Billionaire Son dismissed Dish's $25.5 billion offer as "incomplete and illusory" and - while insisting that an apples-to-apples comparison of the two offers was impossible - said his plan would yield better value for shareholders and greater synergies."Our price offer is better than theirs. Our timing is one year quicker at least. Our leverage is much more healthy," Son told a packed news conference in Tokyo."(Their) financing is uncommitted. We are committed."

DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH remained unchanged at $40.56. 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, 48841400 shares of S exchange hands on a given day and today's volume is recorded at 15944.



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