Japan's SoftBank Corp on Friday received the final approval it needed from U.S. regulators for its $21.6 billion bid to take control of Sprint Nextel Corp, the No. 3 U.S. wireless provider.All three members of the Federal Communications Commission voted in favor of the merger as well as Sprint's related plan to purchase out the portion of wireless company Clearwire Corp that it does not already own.FCC approval was the last piece that SoftBank needed after getting nods from U.S. antitrust and national security regulators as well as Sprint shareholders.FCC's acting Chairwoman Mignon Clyburn hailed the deal.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S fell by 0.42% or $-0.03/share to $7.16. In the past year, the shares have traded as low as $2.31 and as high as $7.35. On average, 45725900 shares of S exchange hands on a given day and today's volume is recorded at 36909248.
Source
