The Washington Post reported on April 15, 2013, that Dish Network has offered to buy Sprint Nextel for $25.5 billion.
The Japanese wireless carrier Softbank had already made an offer to buy Sprint.
According to reported, Dish has offered Sprint shareholders $17.3 billion in cash and $8.2 billion in stock.
Based on Dish's closing stock price on Friday, Sprint shareholders will get the equivalent of $7 per share. Means they get $4.76 a share in cash and 0.05953 Dish shares for each Sprint share.
Dish said in a statement that its proposal "represents a 13% premium to the value of the existing SoftBank proposal."
It added, "Will evaluate this proposal carefully and consistent with its fiduciary and legal duties."
The share price of Sprint rose 13.5% on Monday and closed at $7.06. Dish price dipped 2.3% and closed at $36.77.
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