
Top proxy firm ISS likes SoftBank’s offer for Sprint
A top adviser to mutual funds and other large investors says Sprint shareholders should give the thumbs-up to SoftBank’s offer to buy the company, but it doesn’t address a rival, preliminary — and higher — offer from Dish Network.
In a report, proxy firm Institutional Shareholder Services said, according to The Wall Street Journal, that SoftBank’s $20.1 billion offer “addresses Sprint’s most compelling need: capital to acquire additional spectrum and complete the transformation of its network, enabling it to fully compete in the U.S. market.”
The compelling need for capital aside, ISS…
Continued here: Top proxy firm ISS likes SoftBank’s offer for Sprint
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