DISH Network has proposed a merger with Sprint Nextel for $25.5 billion, consisting of $17.3 billion in cash and $8.2 billion in DISH stock. The combined company would have leadership in video, broadband, and voice services with significant synergies and growth opportunities estimated at $37 billion. The proposal provides Sprint shareholders with a higher value alternative to the pending SoftBank proposal.
A guide to help advisors understand the proposed Department of Labor changes to the fiduciary definition regulations.
The DOL’s proposed changes to the fiduciary definition regulations are causing financial advisors to re-examine their business models and to determine whether they may be a fiduciary to the plan and participants under the proposed regulations. These proposed changes will not only impact qualified retirement plans, but non-qualified plans too, such as IRAs. There could be major implications for how advisors will work with IRAs if these changes are implemented. This Practice Guide provides a framework to help advisors understand this issue by addressing the following questions:
What are the rules today?
What is being proposed?
How would some of the proposed changes impact an advisor’s practice?
Are there any action steps an advisor can take today in anticipation of the new rules?
The document discusses changes in the UK legal services market brought about by the Legal Services Act 2007. This includes the emergence of new legal firms like Riverview Law that offer different pricing structures and services. It also references Richard Susskind's book "The End of Lawyers?" which predicted innovation in the industry. The newsletter highlights a debate between procurement and legal professionals around who is best suited to source external legal services. While procurement aims to reduce costs, legal teams prioritize other factors. Overall, both groups need to work together to optimize spending on legal services.
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The document proposes establishing a leasing company in Africa to take advantage of business opportunities and help address limited access to financing. The company would lease vehicles and equipment on flexible terms to support growth in sectors like agriculture, mining, and businesses. Initial plans involve partnering with dealers in Sierra Leone and Uganda to lease vehicles and pursue investors for $1-5 million to expand. The goal is to make a sustainable impact by providing needed financing options.
Greene King, a UK brewer and pub retailer, has secured a new £400m credit facility over 5 years to replace an existing facility expiring in 2012. The new facility increases Greene King's annual interest costs by £2.5m but gives financial flexibility and supports expansion. Eastern councils may need to raise over £13bn from bond markets as a bill will force authorities to repay housing subsidies by next April, with repayments over £100m for some. This could see local authorities return to bond markets as last used in the 1990s to fund the repayments.
- Sprint Nextel reported its financial results for the first quarter of 2008, with revenues of $9.85 billion.
- Key metrics like postpaid subscriber losses and ARPU declines continued to pressure wireless profitability. However, wireline performance remained solid.
- Looking ahead, management expects marginal improvement in postpaid losses and continued pressure on revenue and profit, but remains focused on improving the customer experience and clarifying the brand position.
This document is Sprint Nextel's quarterly investor update for Q2 2008. It provides an overview of the company's financial performance and outlook, while also noting various risks and uncertainties that could impact actual results. Key points include cautionary language about forward-looking statements, definitions of non-GAAP financial measures used, and discussion of factors that could cause actual results to differ from projections.
JP Morgan Chase developed the OneBench platform using the open source Eclipse framework to improve efficiency in application development. OneBench allows developers to build applications in hours rather than weeks. This has lowered costs and freed resources to focus on new projects. By adopting an open source approach, JP Morgan Chase has established a reusable and customizable platform that supports enhanced security, interoperability, and scalability. Some risks remain in long-term support costs and potential job losses from improved efficiency. On balance, the use of Eclipse and creation of OneBench has helped JP Morgan Chase achieve its goals.
A guide to help advisors understand the proposed Department of Labor changes to the fiduciary definition regulations.
The DOL’s proposed changes to the fiduciary definition regulations are causing financial advisors to re-examine their business models and to determine whether they may be a fiduciary to the plan and participants under the proposed regulations. These proposed changes will not only impact qualified retirement plans, but non-qualified plans too, such as IRAs. There could be major implications for how advisors will work with IRAs if these changes are implemented. This Practice Guide provides a framework to help advisors understand this issue by addressing the following questions:
What are the rules today?
What is being proposed?
How would some of the proposed changes impact an advisor’s practice?
Are there any action steps an advisor can take today in anticipation of the new rules?
The document discusses changes in the UK legal services market brought about by the Legal Services Act 2007. This includes the emergence of new legal firms like Riverview Law that offer different pricing structures and services. It also references Richard Susskind's book "The End of Lawyers?" which predicted innovation in the industry. The newsletter highlights a debate between procurement and legal professionals around who is best suited to source external legal services. While procurement aims to reduce costs, legal teams prioritize other factors. Overall, both groups need to work together to optimize spending on legal services.
Activist Shareholders Flex Their MusclesDaniel Del Re
Activist shareholders are increasingly putting pressure on corporate boards to make changes and accept deals. One example is Harbinger Capital Partners, which owned 20% of NorthWestern Energy and pushed for a quick sale to another company. NorthWestern's board rejected the initial bid as too risky and low, angering Harbinger. However, the board conducted an auction which attracted higher offers from other suitors. They ultimately accepted a higher cash bid, satisfying all shareholders. While activist investors don't always get their way, this case shows that boards can succeed by remaining flexible, considering all options, and prioritizing the best long-term outcome for shareholders overall.
The document proposes establishing a leasing company in Africa to take advantage of business opportunities and help address limited access to financing. The company would lease vehicles and equipment on flexible terms to support growth in sectors like agriculture, mining, and businesses. Initial plans involve partnering with dealers in Sierra Leone and Uganda to lease vehicles and pursue investors for $1-5 million to expand. The goal is to make a sustainable impact by providing needed financing options.
Greene King, a UK brewer and pub retailer, has secured a new £400m credit facility over 5 years to replace an existing facility expiring in 2012. The new facility increases Greene King's annual interest costs by £2.5m but gives financial flexibility and supports expansion. Eastern councils may need to raise over £13bn from bond markets as a bill will force authorities to repay housing subsidies by next April, with repayments over £100m for some. This could see local authorities return to bond markets as last used in the 1990s to fund the repayments.
- Sprint Nextel reported its financial results for the first quarter of 2008, with revenues of $9.85 billion.
- Key metrics like postpaid subscriber losses and ARPU declines continued to pressure wireless profitability. However, wireline performance remained solid.
- Looking ahead, management expects marginal improvement in postpaid losses and continued pressure on revenue and profit, but remains focused on improving the customer experience and clarifying the brand position.
This document is Sprint Nextel's quarterly investor update for Q2 2008. It provides an overview of the company's financial performance and outlook, while also noting various risks and uncertainties that could impact actual results. Key points include cautionary language about forward-looking statements, definitions of non-GAAP financial measures used, and discussion of factors that could cause actual results to differ from projections.
JP Morgan Chase developed the OneBench platform using the open source Eclipse framework to improve efficiency in application development. OneBench allows developers to build applications in hours rather than weeks. This has lowered costs and freed resources to focus on new projects. By adopting an open source approach, JP Morgan Chase has established a reusable and customizable platform that supports enhanced security, interoperability, and scalability. Some risks remain in long-term support costs and potential job losses from improved efficiency. On balance, the use of Eclipse and creation of OneBench has helped JP Morgan Chase achieve its goals.
The CSC technology services company will combine with the Enterprise Services division of Hewlett Packard Enterprise to form a new $26 billion global IT services leader. The combined company will have increased scale, industry leadership, and an actionable plan to realize $1 billion in cost synergies in the first year. It will be one of the largest pure-play IT services companies in the world and positioned to lead clients' digital transformations.
Denton And Link Legal Merger Case Study.pptxNeeteshKumar71
Dentons, a global legal giant, has merged with Link Legal, a respected Indian law firm, forming an unprecedented partnership that breaks geographical boundaries. This strategic merger combines Dentons' global reach with Link Legal's expertise in India's legal landscape. It provides both firms with new competitive advantages and benefits clients through access to a wider range of domestic and international legal services. However, integrating two distinct legal cultures and navigating India's complex regulatory environment may pose ongoing challenges for the combined entity.
The Digital Reserve Network ("DRN") is an open-source financial services suite designed to enable peer-to-peer payments, sustainable lending, and collateral free borrowing. The DRN will leverage a native cryptocurrency – Denarii. The Digital Reserve aims to create a public benefit by engaging in research and implementation of best practices for financial literacy the design and promotion of software or hardware solutions to increase financial accessibility and the flow of capital to disadvantaged or distressed communities.
Please join Jennifer Schaus & Associates every Wednesday Friday in 2022 for a complimentary webinar series. See the full recording on our YouTube Channel https://www.youtube.com/channel/UCYvCaZcAvSYYEAZCqj2CQ9g and full schedule on our website: https://www.jenniferschaus.com/far-supplements
For more information about our federal contracting services please contact us at hello@jenniferschaus.com
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Nations Media Partners is an investment banking firm founded in 1996 that specializes in advising media and technology companies on mergers, acquisitions, and valuations. They have advised over 291 transactions worth over $3 billion total. Their closing ratio of transactions they take on is 92%, much higher than the industry average of 33%. They are experienced at handling complex transactions involving multiple shareholders or family-owned companies.
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of latest data points and publicly
available information relevant for
Telecommunication & Media
Industry. We are very excited to share
this content and believe that readers
will benefit from this periodic
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Similar to DISH Network Proposes Merger with Sprint Nextel Corporation for $25.5 Billion (20)
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DISH Network Proposes Merger with Sprint Nextel Corporation for $25.5 Billion
1. DISH Network Proposes Merger with Sprint Nextel
Corporation for $25.5 Billion
31, 2012, with the greatest quality programming and technologies with the most alternatives at the
best benefit, including High definition Cost-free for Lifestyle. Subscribers enjoy the largest higher
definition line-up with a lot more than 200 nationwide Hd channels, the most international channels,
and award-winning Hd and DVR technological innovation. Moreover, the blended countrywide
footprints and scale will allow DISH/Dash to provide improved broadband providers to tens of
millions of residences with inferior or no obtain to aggressive broadband services. The ahead-
hunting statements speak only as of the date created, and DISH Community Corporation expressly
disclaims any obligation to update these ahead-hunting statements.
Mr. DISH Community Corporation is a Fortune two hundred company. The new company's
belongings will instantly create countrywide cross-platform leadership and will placement the
company to produce progressive solutions whilst increasing our collective subscriber base.
DISH will hold a convention contact today at 8:00 a.m. EDT throughout which executives will discuss
the strategic positive aspects of this proposal and address inquiries from traders, analysts and the
media. Dash shareholders would receive $7.00 for every share, based upon DISH's closing cost on
Friday, April 12, 2013. We developed the 3rd premier shell out-Television set company even though
competing with incumbent cable monopolies and other entrenched operators. Jointly this represents
a 13% top quality to the price of the current SoftBank proposal.
Our proposal gives a hugely-powerful and exclusive chance for Sprint shareholders. The funds
portion of DISH's proposal represents an 18% quality more than the $four.03 for every share implied
by the SoftBank proposal, and the equity part signifies roughly 32% ownership in the merged
DISH/Sprint compared to SoftBank's proposal of a thirty% desire in Sprint by yourself. It supplies a
lot more funds and affords your shareholders the possibility to participate a lot more meaningfully in
a blended DISH/Dash, which will advantage from a drastically enhanced strategic place and
substantial synergies that are not attainable via the pending SoftBank proposal.
DISH Community Company and its administrators and government officers could be deemed, under
the principles of the SEC, to be individuals in any solicitation of shareholders of DISH Community
Corporation or Dash Nextel Company in connection with the proposed transaction. These paperwork
can be obtained cost-free of cost at the SEC's internet site (http://www.sec.gov) and from Trader
Relations at DISH Network Company at the deal with established forth earlier mentioned. A replay
of the meeting get in touch with will be offered at 888-286-8010 or 617-801-6888, passcode
78044805.
Very Genuinely Yours,
I am proud of the company we have developed and imagine we will be an superb partner to Dash.
We also have a verified observe document of accountable capital management.
Subsequent is text of the letter that DISH despatched to Sprint Nextel Corp. Ergen continued, "A
transformative DISH/Sprint merger will produce the only firm that can provide customers a handy,
fully-built-in, nationwide bundle of in- and out-of-home movie, broadband and voice companies. Risks
and uncertainties relating to the proposed transaction consist of, with no limitation, the dangers
2. that: Dash Nextel Company will not enter into any definitive arrangement with DISH Network
Company or the terms of any definitive settlement will be materially diverse from individuals
explained earlier mentioned the get-togethers will not obtain the requisite funding or regulatory
approval for the proposed transaction the proposed transaction will not be consummated for any
other purpose management's consideration will be diverted from ongoing enterprise operations and
the anticipated positive aspects of the transaction will not be recognized. We have examined your
merger agreement with SoftBank and we would be geared up to execute a definitive merger
arrangement on significantly equivalent conditions and circumstances. Traders in our 1995 original
public providing have appreciated a complete return of 27 moments their first expense, drastically
outperforming the broader markets and our peers. We seem forward to hearing from you.
This conversation relates to a enterprise blend transaction with Sprint Nextel Corporation proposed
by DISH Community Corporation, which may become the subject matter of a registration assertion
submitted with the SEC. All this sort of paperwork, if filed, would be available free of cost at the
SEC's web site (http://www.sec.gov). "Sprint shareholders will gain from a increased cost with far
more cash whilst also making the opportunity to participate a lot more meaningfully in a blended
DISH/Dash with a considerably-improved strategic position and considerable synergies that are not
attainable through the pending SoftBank proposal."
Although it would have been our desire to have confidential discussions relating to this proposed
merger, your existing agreement with SoftBank and the impending deadlines related with your
shareholder vote, will compel us to validate our intentions publicly. Sprint shareholders would
obtain $seven.00 for each share, dependent on DISH's closing price on Friday, April 12, 2013. Pay a
visit to www.dish.com.
Charlie Ergen
Chairman
DISH Network Company
DISH is offering Sprint shareholders a overall thought of $25.five billion, consisting of $seventeen.3
billion in income and $eight.two billion in stock. Hance, Jr., Chairman of the Board
Dear Jim:
"Sprint shareholders will advantage from a increased price with much more money although also
producing the possibility to take part more meaningfully in a blended DISH/Sprint with a
considerably-enhanced strategic position and considerable synergies that are not attainable by way
of the pending SoftBank proposal."
DISH has provided additional details with regards to the proposed merger via a devoted transaction
microsite that can be accessed at www.CompleteDishSolution.com.
More, our blended national footprints and scale will allow us to effectively develop our joint
spectrum property to offer superior solutions to the hundreds of thousands of homes with inferior or
no obtain to competitive broadband companies.
Cautionary Statement Relating to Ahead-Looking Statements
Barclays is performing as financial advisor to DISH.
3. We intend to fund the $17.3 billion income portion of the transaction using $eight.two billion of our
balance sheet funds and additional personal debt financing. Such forward-hunting statements
involve identified and unknown pitfalls, uncertainties and other factors that might cause the genuine
final results, functionality or achievements of DISH Network Corporation to be materially distinct
from any long term results, functionality or achievements expressed or implied by this sort of
forward-searching statements. Like Dash, DISH possesses a powerful tradition of innovation and
business leadership. The DISH proposal evidently represents superior worth to Dash shareholders,
including higher possession in a blended business that is far better positioned for the potential with
far more spectrum, items, subscribers, monetary scale and new possibilities.
Specific statements contained herein could constitute "forward-looking statements" inside the
indicating of the Non-public Securities Litigation Reform Act of 1995. Meridian Boulevard,
Englewood, Colorado 80112, Interest: Investor Relations. The get in touch with will be offered by
way of a webcast offered at www.CompleteDishSolution.com or by dialing 866-318-8619 or 617-39-
-5138, passcode 31532734. This includes an approximated $11 billion in cost personal savings,
symbolizing roughly $1.eight billion in annual operate-price expense synergies by the third year
after closing.
We are supplying Dash shareholders a overall thing to consider of $twenty five.5 billion, consisting
of $17.three billion in funds and $eight.2 billion in stock. Further details concerning the pursuits of
these participants will also be provided in any proxy statement/prospectus and other relevant files to
be filed with the SEC in connection with the proposed transaction when they grow to be accessible.
The proposed mix will consequence in synergies and growth opportunities estimated at $37 billion in
net existing price, including an approximated $eleven billion in cost savings.
Leveraging both companies' existing belongings and experience, we will be the only organization in
a position to offer you a fully-integrated, nationwide bundle of in- and out-of-property online video,
broadband and voice services to fulfill speedily evolving client preferences. Board of Directors on
April fifteen, 2013.
DISH has important encounter structuring and consummating strategic transactions and only needs
to comprehensive confirmatory owing diligence, which we believe can be completed quickly with
your cooperation. Together this represents a thirteen% top quality to the worth of the present
SoftBank proposal.
We would be happy to discuss our ideas for the merged organization and we are available at any
time to fulfill with the Dash Board, administration and advisors to response any questions about our
proposed merger. We have a established observe file in boosting capital to fund strategic initiatives
and have acquired a Very Self-confident Letter from our economic advisor, Barclays, confirming our
capacity to raise the essential financing.
Conference Call Details
DISH Network Corporation (NASDAQ: DISH), by way of its subsidiary DISH Network L.L.C.,
supplies about 14.056 million satellite Television set consumers, as of Dec. Although not a problem
of our proposal, we anticipate that the pending transaction with Clearwire would be finished. This
special, mixed company will have a leadership position in online video, information and voice and the
needed broadband spectrum to supply buyers with wealthy content material everywhere, all the
time."
4. Extra Details About the Proposed Transaction and Exactly where to Locate It
"The DISH proposal clearly provides Sprint shareholders with a excellent option to the pending
SoftBank proposal," explained Charlie Ergen, Chairman of DISH Community. Our historical past of
price development is outstanding. This conversation is not a substitute for the joint proxy
assertion/prospectus that DISH Network Corporation and Sprint Nextel Company would file with the
SEC if any agreement is attained or any other paperwork that DISH Community Corporation or
Sprint Nextel Company may possibly deliver to shareholders in link with the proposed transaction.
As a result, this merger creates sizable value and CAPEX cost savings and promises in depth new
profits opportunities.
On behalf of DISH Community Company ("DISH"), I am submitting this proposal for a merger among
DISH and Sprint Nextel Company ("Dash"). We are self-confident that we can acquire all necessary
approvals inside of a sensible timeframe.
Board of Administrators
Dash Nextel Corporation
6200 Sprint Parkway
Overland Park, KS 66251
Attn: James H. We are supplying an possession interest in a combined business with a extensive
merchandise and providers suite, a substantially increased subscriber base, appreciable financial
and functioning scale, as well as a spectrum portfolio that would guide the market. This consists of
$4.seventy six for every share in cash and .05953 DISH shares for each Sprint share. In addition,
investors and security holders may possibly get free copies of such files submitted by DISH
Community Company with the SEC by directing a request to: DISH Network Company, 9601 S. The
funds part of our proposal represents an eighteen% quality more than the $four.03 for every share
implied by the SoftBank proposal, and the equity part represents around 32% ownership in the
mixed DISH/Sprint compared to SoftBank's proposal of a thirty% curiosity in Sprint alone.
The proposed mixture will result in synergies and development possibilities believed at $37 billion in
net present benefit. Our proposal provides Sprint shareholders with a exceptional alternative to the
pending SoftBank Company ("SoftBank") proposal. DISH has persistently led our sector in support
and technology shipping with award-successful innovations like Hopper® with Sling®. This
conversation shall not represent an offer to acquire or solicitation of an offer to promote any
securities, nor shall there be any sale of securities, in any jurisdiction in which these kinds of offer
you, solicitation or sale would be illegal prior to registration or qualification below the securities
rules of any this kind of jurisdiction.
Members
About DISH
. This consists of $four.seventy six for each share in funds and .05953 DISH shares for each Dash
share. Buyers AND Security HOLDERS ARE URGED TO Go through THE JOINT PROXY
Assertion/PROSPECTUS AND ALL OTHER Appropriate Paperwork IF, AND WHEN, THEY Become
Offered Due to the fact THEY WILL Include Essential Info ABOUT THE PROPOSED TRANSACTION.
Investors and safety holders may possibly obtain data with regards to the names, affiliations and
5. interests of the administrators and executive officers of DISH Network Corporation in its once-a-year
report on Type ten-K for the yr finished December 31, 2012, which was submitted with the SEC on
February twenty, 2013, and its proxy statement for the 2013 yearly conference of shareholders,
which was submitted with the SEC on March 22, 2013. We are confident that the Dash Board will
share our view that this proposed merger provides an outstanding opportunity for the fairness
holders of Sprint to recognize a excellent price for their shares that is unavailable to them beneath
the SoftBank proposal.
ENGLEWOOD, Colo.--(Business WIRE)--DISH Network Corporation (NASDAQ: DISH) these days
announced that it has submitted a merger proposal to the Board of Administrators of Sprint Nextel
Corporation (NYSE: S) for a complete income and stock thing to consider of $25.5 billion. A lot more
details about this sort of hazards, uncertainties and other aspects is established forth in DISH
Network Corporation's Disclosure With regards to Forward-Looking Statements included in its
recent filings with the Securities and Exchange Fee (the "SEC"), like its once-a-year report on Form
10-K for the year ended December 31, 2012