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Sprint Receives HSR Notification Related to DISH Network Proposal
Posted: 06-May-2013 [Source: Sprint]

[DISH has filed for government approval to acquire a majority stake in Sprint.]

Overland Park, KS -- Sprint Nextel today announced that it had received formal notification under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") that Charles Ergen, Chairman of DISH Network Corporation (DISH), has filed to acquire in excess of 50 percent of Sprint's Series 1 Common Stock, through DISH Network or a wholly owned subsidiary of the company.

As a result of Mr. Ergen's submission, the HSR Act requires Sprint to make HSR filings with the US Department of Justice and Federal Trade Commission including certain information regarding Sprint's business operations, revenues, and shareholdings. Sprint's Special Committee, established on April 22, 2013, continues to evaluate DISH Network's proposal and has not yet determined whether the proposal is, or is reasonably likely to lead to, a Superior Offer as such term is defined in Sprint's existing merger agreement with Softbank Corp. The company does not plan to comment further until the appropriate time.

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