Sprint shareholders have cast their vote today and approved the merger between the company and SoftBank Corp. It was reported that shareholders “overwhelmingly approved the deal” with 98 percent of the votes cast in favor of the deal.
Company CEO Dan Hesse said in a statement: “Today is a historic day for our company, and I want to thank our shareholders for approving this transformative merger agreement. The transaction with SoftBank should enhance Sprint’s long-term value and competitive position by creativing a company with greater financial flexibility.”
Today’s vote helps put to rest the on-going back and forth between Sprint, SoftBank, and DISH network. For the past few months, DISH had been looking to stop SoftBank from acquiring the telecommunications company. It cited national security concerns, but those were rebuffed when not only did the proposed merger clear state regulatory review, but also established a representative on the board to specifically address those concerns — that role being played by former Admiral Mike Mullen.
This is developing. Please refresh for more information.
