DISH and Sprint to Begin Due Diligence, Engage in Talks
20 May 2013
DISH Network Corporation responded to Sprint Nextel Corporation’s announcement (“Sprint”) that it has received a waiver of various provisions under the merger agreement between it and SoftBank Corp.
The waiver will permit Sprint and its representatives to furnish non-public information concerning Sprint to DISH, and to engage with DISH in discussions and negotiations regarding its proposal made on April 15, 2013.
“We look forward to engaging in full due diligence and continued discussions with Sprint. We remain confident that this process will confirm the superiority of our proposal, the reasoning behind our synergy projections and our vision for a competitively superior DISH-Sprint," said DISH Chairman Charlie Ergen.