NEW YORK, June 10, 2013 /CNW/ - 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.