SoftBank Raises Sprint Bid to $21.6 BillionNew deal means more cash for shareholders 6/11/2013 09:46:18 AM Eastern
Japanese wireless giant SoftBank raised its bid for Sprint
Nextel to $21.6 billion late Monday, a deal that could put more cash in Sprint
According to its latest proposal, SoftBank would pay $7.65
per share for Sprint, up from the $7.30 per share it originally offered.
SoftBank will continue to invest $1.9 billion in New Sprint
at closing, which in addition to the $3.1 billion convertible debt investment
made by SoftBank in October 2012, brings SoftBank's total investment in Sprint
to $5.0 billion.