Dish Network said it received a nondisclosure agreement...
Dish Network said it received a nondisclosure agreement from Sprint Nextel about Dish’s proposal to buy the wireless company. Dish provided information to a special committee of Sprint’s board that will examine Dish’s $25.5 billion bid for the company, Dish…
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said Monday in a press release (http://bit.ly/ZZmbTF). The DBS company said it’s confident it has exceeded the standards required in the proposed agreement between Sprint and SoftBank “in terms of providing a bona fide written proposal that is reasonably likely to lead to a superior offer,” it said. Sprint said it received a waiver from SoftBank of various provisions of the merger agreement between Sprint and SoftBank. The waiver doesn’t allow Sprint to provide non-public information to Dish “nor does it enable Sprint to enter into negotiations with Dish,” Sprint said Monday in a press release (http://bit.ly/10P7E49). The wireless company said it doesn’t plan to comment further on the work of the special committee “until it completes an assessment with respect to whether the Dish proposal is, or is reasonably likely to lead to a superior offer,” it said.