Sprint Outlines Impact of Softbank Purchase

A future shakeup of Sprint Nextel Corp.’s board is laid out in public documents that show the incoming shift of control to Tokyo-based SoftBank Corp. Three years after SoftBank’s proposed $20.1 billion acquisition, SoftBank will be able to elect all Sprint board members. In a proxy statement Sprint sent to shareholders, the Overland Park-based wireless carrier cited this change as a possible hurdle to attracting board members to the new entity.

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