Japan's SoftBank Corp said it agreed with Sprint Nextel Corp to raise its offer for the U.S. wireless carrier to $21.6 billion from a previous offer of $20.1 billion as it fights off a counter bid by rival Dish Network Corp.SoftBank's amended offer won key support from hedge fund Paulson & Co, the No. 2 Sprint shareholder and an early supporter of Dish's bid. Paulson said it would vote all of its shares in favour of SoftBank's improved offer.The revised merger agreement came a day before a scheduled Sprint shareholders' meeting to vote on SoftBank's offer, which faces a challenge from U.S. satellite TV provider Dish Network's $25.5 billion bid launched in April.That meeting has now been adjourned until June 25.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH fell by 0.72% or $-0.28/share to $38.86. 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 1055495.
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, 55489300 shares of S exchange hands on a given day and today's volume is recorded at 38020128.
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