Dish puts 19.5 billion euros on the table to buy operator Sprint

by bold-lichterman

After the takeover offer formulated by the Japanese Softbank, it is the turn of the American Dish Network to set its sights on the mobile operator Sprint Nextel.

Concretely, Dish proposes to pay the shareholders of Sprint Nextel $ 4.76 in cash and approximately 0.05953 Dish shares for each of their titles. A proposal that would represent a premium of about 12% on the closing price recorded by the title Friday night, said Reuters.

The purpose of this operation would be to merge the two groups. A strategy which would make it possible to identify strategies whose fruits would be evaluated at 37 billion dollars (28.2 billion euros), according to Dish.

This offer would also represent a premium of 13% compared to the takeover offer of 20 billion dollars (15.3 billion euros) for 70% of the capital, issued by Softbank last October. Until now, the operation had remained suspended for validation by the American authorities.

For now, neither SoftBank nor Sprint would have liked to react to the offer made by Dish, presented as the number two American satellite television.

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