Japan's SoftBank Corp said on Tuesday that it has agreed with Sprint Nextel Corp to raise its offer for the U.S. wireless operator to $21.6 billion from a previous offer of $20.1 billion. The announcement came a day before Sprint shareholders are to vote on SoftBank's offer, which faces a challenge from Dish Network Corp's counter offer of $25.5 billion for Sprint, the No. 3 U.S. mobile provider.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S fell by 0.83% or $-0.06/share to $7.18. In the past year, the shares have traded as low as $2.80 and as high as $7.50. On average, 52864200 shares of S exchange hands on a given day and today's volume is recorded at 38020128.
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