Hedge Fund News From HedgeCo.Net

Hedge Funds Pressure SoftBank on $25.5B Dish Offer for Sprint

The Street – Following Dish Network’s $25.5 billion offer to buy Sprint (S) on Monday, large hedge fund investors await a response from SoftBank, which previously offered to buy the telecom.

In a brief Wednesday phone conversation, Leon Cooperman, head of Omega Advisors said while he sees Dish Network’s proposal for Sprint as superior to SoftBank’s offer, he awaits a response from the highly profitable Japan-based conglomerate.

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