Deals
Sprint Board Forms Special Committee to Review Bid From Dish
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Sprint Nextel Corp., the third-largest U.S. wireless carrier, said its board has formed a special committee to evaluate a takeover bid from Dish Network Corp., which is seeking to counter an offer from SoftBank Corp.
Larry Glasscock, James Hance, Janet Hill, William Nuti and Rodney O’Neal will serve on the committee, with Glasscock acting as chairman, Overland Park, Kansas-based Sprint said today in a statement. Bank of America Merrill Lynch will act as its financial adviser, while Shearman & Sterling LLP will be the legal counsel.