Sprint Nextel (S) Shareholders to Vote on Softbank Purchase on June 25

Update:  Sprint Nextel shareholders approved the merger with SoftBank on June 25, 2013.

* * * * *

Standard & Poor’s Research (S&P) reported on June 19, “Dish Network (DISH, 39, Buy) announced it will not submit a new offer for Sprint Nextel. We believe this paves the way for a deal close between SoftBank and [Sprint] by the end of June. [Sprint] shareholders are scheduled to vote on the SoftBank offer on June 25, and we expect a favorable ruling by the FCC shortly after.”

“However, DISH has stated that it plans to focus its attention on its tender offer for Clearwire (CLWR, 5, NR) shares, and we believe [Sprint] will continue to fight hard to prevent DISH from taking a large minority stake.”

SoftBank Corp. recently raised its bid to acquire Sprint Nextel Corp. (S) shares to $7.65 apiece.

Sprint shares crashed with the 2008 Financial Meltdown, and have never recovered.  The company has been taking losses for years, and is projected to continue losing money for the next two years.

Investors who would like to be kept apprised of merger details and tax implications may sign up for the free Goodfellow LLC newsletter by emailing research@goodfellowllc.com.

* * * * *

Attention website visitors: You may have access to a free one-month trial subscription, and our newsletter via email, by clicking here.  Subscribers receive access to all of the stock articles and stock portfolios on the website.

Questions?  Contact Crista Huff at research@goodfellowllc.com.

* * * *

Investment Disclaimer

Release of Liability: Through use of this website viewing or using you agree to hold www.GoodfellowLLC.com and its employees harmless and to completely release www.GoodfellowLLC.com and its employees from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur.

Goodfellow LLC and its employees are not paid by third parties to promote nor disparage any investment. Recommendations are based on hypothetical situations of what we would do, not advice on what you should do.

Neither Goodfellow LLC nor its employees are licensed investment advisors, tax advisors, nor attorneys. Consult with a licensed investment advisor and a tax advisor to determine the suitability of any investment.

The information provided herein is obtained from sources believed to be reliable but is not guaranteed as to accuracy or completeness. When information is provided herein from third parties — such as financial news outlets, financial websites, investment firms, or any other source of financial information – the reliability or completeness of such financial information cannot be guaranteed.

The information contained on this website is provided for informational purposes only and contains no investment advice or recommendations to buy or sell any specific securities. This is not an offer or solicitation for any particular trading strategy, or confirmation of any transaction. Statements made on the website are based on the authors’ opinions and based on information available at the time this page was published. The creators are not liable for any errors, omissions or misstatements. Any performance data quoted represents past performance and past performance is not a guarantee of future results. Investments always have a degree of risk, including the potential risk of the loss of the investor’s entire principal. There is no guarantee against any loss.

* * * *

Goodfellow LLC is a subscription-only stock market website. We strive to identify financially healthy companies in which traders and investors can buy shares and earn dividends and capital gains. See disclaimer for the risks associated with investing in the stock market. See your tax advisor for the tax consequences of investing. See your estate planning attorney to clarify beneficiary and inheritance issues associated with your assets.