Breaking News

Tweet TWEET

Paulson & Co. Will Vote All Shares In Favor of Softbank's Improved Offer for Sprint

 Paulson & Co. Will Vote All Shares In Favor of Softbank's Improved Offer for
                                    Sprint

  PR Newswire

  NEW YORK, June 11, 2013

NEW YORK, June 11, 2013 /PRNewswire/ -- In light of Softbank's revised offer
and the Sprint Board's recommendation, Paulson & Co. Inc. ("Paulson") —
Sprint's second largest shareholder with 231 million shares as of the latest
13F filing — intends to vote all its shares in favor of the Softbank
transaction. In addition to the improved financial terms, Paulson believes
Softbank has exceptional operating expertise in the wireless area and a
strategic vision which will make Sprint a formidable competitor in the future.

For further information, please contact:

Andrea Calise, Kekst and Company Incorporated, +1-212-521-4845 Dawn Dover,
Kekst and Company Incorporated, +1-212-521-4817

Paulson & Co. is an investment management firm that specializes in merger
arbitrage and event-driven investing. Paulson has approximately US$18 billion
in assets under management and has offices in New York, London and Hong Kong.