/// It’s Another Big Week in the Sprint Takeover Saga as Shareholder Vote Looms
The battle over Sprint Nextel will reach a key milestone this week as its shareholders are slated to vote on a proposal by Japan’s SoftBank to acquire a controlling interest in the company. Wednesday’s vote, though, could be delayed as a committee of Sprint’s board continues to weigh a competing offer from Dish Network . That committee has to decide whether Dish’s overtures are likely to lead to an offer that is superior to the bid put forth by SoftBank . So far, the company has not publicly indicated a plan to change the June 12 vote. “We have scheduled the meeting for June 12th and have made no announcement otherwise,” a Sprint representative said, when asked whether the company could delay the vote. The SoftBank deal has already won approvals from state regulators and a number of federal agencies. On Friday, Sprint said it was adding retired Admiral Mike Mullen to its board as part of a national security agreement with the U.S. government. Meanwhile, even as it pushes for Sprint, Reuters is reporting that SoftBank is looking at T-Mobile as a potential “Plan B” acquisition target .
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It’s Another Big Week in the Sprint Takeover Saga as Shareholder Vote Looms