Sprint May Delay SoftBank Shareholder Vote: Bloomberg

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The board of Sprint Nextel Corp (S.N) may delay next week's shareholder vote on a takeover by SoftBank Corp (9984.T), Bloomberg reported on Tuesday.

Sprint

The board of Sprint Nextel Corp (S.N) may delay next week's shareholder vote on a takeover by SoftBank Corp (9984.T), Bloomberg reported on Tuesday.

However, Sprint spokesman Doug Duvall said the company was still moving ahead with a scheduled June 12 vote for SoftBank's proposed $20.1 billion purchase of 70 percent of the No. 3 U.S. mobile provider.
 

Citing sources familiar with the matter, Bloomberg said Sprint's board was waiting on a binding offer from Dish Network (DISH.O), which made an unsolicited bid to acquire Sprint in mid-April.

Dish was not immediately available for comment.

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