Deals
Sprint Investors Approve $21.6 Billion SoftBank Acquisition
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Sprint Nextel Corp. shareholders approved a $21.6 billion deal with Tokyo-based SoftBank Corp., agreeing to give the Japanese company control of the third-largest U.S. wireless carrier after an eighth-month saga.
About 98 percent of the votes cast favored the transaction, Overland Park, Kansas-based Sprint said today in a statement. SoftBank, which has three of the four regulatory approvals needed to do the Sprint deal, still requires a final nod from the U.S. Federal Communications Commission.