Paulson & Co. Will Vote All Shares In Favor of Softbank's Improved Offer for Sprint
NEW YORK, June 10, 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.
SOURCE Paulson & Co. Inc.
More by this Source
Paulson & Co. adquiere los hoteles Condado Vanderbilt y La Concha en San Juan, Puerto Rico
Mar 11, 2014, 12:07 ET
Paulson & Co. Acquires Condado Vanderbilt and La Concha Hotels in San Juan, Puerto Rico
Mar 10, 2014, 18:20 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.