Softbank’s Acquisition of Sprint Expected on Wednesday

Sprint and SoftBank confirmed that they now expect to close their merger on July 10, 2013, effective after the close of trading that day.

The vast majority of Sprint shareholders will receive cash for their shares.  Only about 3% of outstanding shares elected to receive shares of the Sprint Corporation (“New Sprint”) common stock.

http://newsroom.sprint.com/news-releases/sprint-and-softbank-announce-preliminary-results-of-cash-and-stock-elections-by-sprint-shareholders.htm