Dish Network Corp said on Tuesday it will sell $2.5 billion in debt to help fund a $25 billion bid for Sprint Nextel Corp, and that it believes it has answered all questions posed by a special committee of Sprint's board.Satellite TV service Dish said it has met with advisers to the Sprint special committee considering its offer, is "unaware of any items that remain outstanding," and is still waiting for Sprint's response.Dish has said it would need to raise about $9 billion in debt to pay for its April offer to purchase Sprint.Japan's SoftBank Corp reached a $20.1 billion agreement to buy Sprint, the No. 3 U.S. wireless service provider, in October.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH fell by 0.44% or $-0.17/share to $38.64. 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 581397.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S traded higher by 0.28% or $0.02/share to $7.20. In the past year, the shares have traded as low as $2.32 and as high as $7.40. On average, 62319100 shares of S exchange hands on a given day and today's volume is recorded at 15286225.
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