Dish (DISH) Says Negotiations with Sprint (S) Continue
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In response to media inquires about the current state of play regarding its proposal to merge with the Sprint Nextel Corporation (NYSE: S), DISH Network Corp. (NASDAQ: DISH) issued the following statement:
“DISH submitted a formal proposal to merge with Sprint on April 15, 2013. We believe our proposal is both economically and strategically superior to that of SoftBank. DISH and Sprint continue to meet regularly and conduct the due diligence process that began in late May. In addition, DISH and Sprint continue to negotiate the terms of a merger agreement.”
“DISH submitted a formal proposal to merge with Sprint on April 15, 2013. We believe our proposal is both economically and strategically superior to that of SoftBank. DISH and Sprint continue to meet regularly and conduct the due diligence process that began in late May. In addition, DISH and Sprint continue to negotiate the terms of a merger agreement.”
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