{"id":652430,"date":"2013-04-15T12:51:22","date_gmt":"2013-04-15T16:51:22","guid":{"rendered":"http:\/\/www.webpronews.com\/?p=225064"},"modified":"2013-04-15T12:51:22","modified_gmt":"2013-04-15T16:51:22","slug":"25-billion-offer-from-dish-a-13-premium-over-softbanks-sprint-offer","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/652430","title":{"rendered":"$25 Billion Offer From Dish A 13% Premium Over SoftBank\u2019s Sprint Offer"},"content":{"rendered":"

As previously reported<\/a>, Dish Network announced a proposal on Monday to merge with Sprint Nextel in a deal worth $25.5 billion. According to Dish, the offer is a 13% premium over the pending acquisition by SoftBank announced last year. <\/p>\n

In a letter to Sprint Nextel Chairman of the Board, James Hance, Jr., Dish chairman Charlie Ergen wrote, “We are offering Sprint shareholders a total consideration of $25.5 billion, consisting of $17.3 billion in cash and $8.2 billion in stock. Sprint shareholders would receive $7.00 per share, based upon DISH\u2019s closing price on Friday, April 12, 2013. This consists of $4.76 per share in cash and 0.05953 DISH shares per Sprint share. The cash portion of our proposal represents an 18% premium over the $4.03 per share implied by the SoftBank proposal, and the equity portion represents approximately 32% ownership in the combined DISH\/Sprint versus SoftBank\u2019s proposal of a 30% interest in Sprint alone. Together this represents a 13% premium to the value of the existing SoftBank proposal.”<\/p>\n

“Our proposal provides a highly-compelling and unique opportunity for Sprint shareholders,” he continued. “We are offering an ownership interest in a combined company with a comprehensive product and services suite, a significantly enhanced subscriber base, considerable financial and operating scale, as well as a spectrum portfolio that would lead the industry. As a result, this merger creates sizable cost and CAPEX savings and promises extensive new revenue opportunities.”<\/p>\n

You can read the letter in its entirety here<\/a>. <\/p>\n

Dish held a conference call this morning discussing the proposal. <\/p>\n

The boards of both Sprint Nextel and Softbank approved the $20.1 billion deal back in October, but the companies noted it was still subject to shareholder and regulatory approval. The deal was expected to close in mid-2013. <\/p>\n

It’s already half way through April, but today’s news gives all parties involved some major new things to consider. <\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

As previously reported, Dish Network announced a proposal on Monday to merge with Sprint Nextel in a deal worth $25.5 billion. According to Dish, the offer is a 13% premium over the pending acquisition by SoftBank announced last year. In a letter to Sprint Nextel Chairman of the Board, James Hance, Jr., Dish chairman Charlie […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-652430","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/652430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=652430"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/652430\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=652430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=652430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=652430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}