Japan's SoftBank Corp said on Monday that it expects to complete its $21.6 billion acquisition of U.S. wireless carrier Sprint Nextel Corp on Wednesday, July 10. SoftBank and Sprint received final regulatory approval for their deal from the Federal Communications Commission last week.The Japanese company said it expects the deal to close on Wednesday, U.S. Eastern Standard Time.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S remained unchanged at $7.16. In the past year, the shares have traded as low as $3.15 and as high as $7.50. On average, 68409696 shares of S exchange hands on a given day and today's volume is recorded at 500.
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