Softbank CEO Masayoshi Son said on Friday that he was confident that his company's acquisition of Sprint Nextel, the company will be completed in early July, after rival bidder Dish Network Company is unable to make a counter move, this week.
Softbank, Japan's mobile network operators to enter the home stretch of the title, as it tries to promote Japan's largest-ever acquisition, and aggressive dealmaker disc vaguely as a potential spoiler with Sprint and Clearwire subsidiary companies competitors offer.
Softbank's billionaire founder's son, said food, in order to improve its offer before the deadline for Sprint earlier this week that the failure to bring the Japanese company's nearly $ 21.6 billion a sealed deal, but warned that its U.S. rivals may make a surprise move before a general meeting of the Sprint on June 25.
"We do not know what will happen, before the meeting, but we have taken a big step forward after dish, missed the deadline to make a new proposal, the son said:" more than 2,000 shareholders attended the annual gathering.
Dish challenge launched in April forced Softbank to consider other options, his son said, including the purchase of the fourth largest U.S. mobile operator T-Mobile USA, Inc., which owns 74% owned by Deutsche Telekom.
Instead, Softbank to host last week hit the cash portion of the offer in order to win favor Dish Sprint from several existing shareholders for their support, while reducing the company's capital into the company.
On Friday, his son to play down concerns, reducing funds to the Sprint may hinder U.S. companies to invest in new network infrastructure capacity, said the acquisition will allow it to achieve an average annual savings of 200 one billion yen ($ 2 billion) In the next four years.
Sprint's mobile Thursday prevailed, in a separate battle with Dish Clearwire's control of the company to improve its offer to $ 5 per share, which has already won support Clearwire's dissident shareholders from key group.
Softbank shareholders meeting on Friday applauded, his son said now Sprint Clearwire's bid won the support of, the owner of valuable radio spectrum, Sprint's need to update its network.
Softbank's shares fell 1.8 percent on Friday, to 5,360 yen, worse than the benchmark Nikkei fell 0.7%.
Softbank's share price fell to eight-month low, after the company announced its Sprint's bid last October, but since the beginning of this year, they have risen by more than 70% optimistic installed in trading, while the Nikkei index rose by nearly 25 %.
Last month, Softbank to 6,100 yen, the highest rise up in the dot-com bubble burst, since more than a decade ago.
 



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