Sprint Nextel Corp and SoftBank Corp asked U.S. regulators on Friday to go ahead with a review of their proposed $20.1 billion deal after Sprint's rival suitor, Dish Network Corp, asked for a suspension of the review. Satellite TV provider Dish asked the Federal Communications Commission on Thursday to suspend its review of Japanese operator SoftBank's proposed purchase of 70 percent of Sprint after Dish announced an unsolicited $25.5 billion counter bid on Monday.But Sprint, which has said its board will evaluate the Dish offer, told the FCC on Friday it was opposed to Dish's request to delay the review of the SoftBank agreement announced in October 2012."The Commission must not be distracted by Dish's latest maneuverings," Sprint said in a document addressed to the FCC.Sprint said the FCC review would "in no way limit Dish's ability to make competing offers for Sprint, nor does it prejudice in any way Dish's ability to challenge SoftBank's valuation of Sprint."
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH traded higher by 1.48% or $0.57/share to $39.02. In the past year, the shares have traded as low as $26.12 and as high as $38.50. On average, 3064490 shares of DISH exchange hands on a given day and today's volume is recorded at 4542026.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S fell by 0.28% or $-0.02/share to $7.17. In the past year, the shares have traded as low as $2.30 and as high as $7.35. On average, 63984800 shares of S exchange hands on a given day and today's volume is recorded at 88719504.
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