Paulson & Co. Will Vote All Shares In Favor of Softbank's Improved Offer for Sprint

Paulson & Co. Inc.
2013-06-11 20:06 1138

NEW YORK, June 11, 2013 /PRNewswire/ -- 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

Dawn Dover
Kekst and Company Incorporated

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.