Sprint Nextel extended the deadline for filing a proxy statement related...
Sprint Nextel extended the deadline for filing a proxy statement related to its deal to sell its majority control to SoftBank. The two companies said late Thursday they were extending the deadline to file a registration statement on Form S-4…
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to Dec. 21; the original deadline was Thursday. SoftBank reached a deal in October to buy 70 percent of Sprint for $20.1 billion cash (CD Oct 16 p1). Sprint will send its proxy statement to its shareholders once the Securities and Exchange Commission declares the registration statement effective, the carrier said (http://xrl.us/bn39d6). The extension could be a precursor for a Sprint counteroffer on MetroPCS, Guggenheim Partners analyst Shing Yin said Friday in a note to investors. Deutsche Telekom is in the process of getting regulatory approval for its proposed merger of T-Mobile USA and MetroPCS, which has thus far received little opposition in FCC filings (CD Nov 28 p5).