New York, NY -- (ReleaseWire) -- 04/16/2013 --Sprint Nextel Corp. (NYSE: S) confirmed it has received an unsolicited proposal from DISH Network to acquire the Company. The Company said that its Board of Directors will evaluate this proposal carefully and consistent with its fiduciary and legal duties. The company does not plan to comment further until the appropriate time.
Sprint Nextel Corporation, through its subsidiaries, offers a range of wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. It operates in two segments, Wireless and Wireline.
The company offers its wireless and wireline services under the Sprint, Boost Mobile, Virgin Mobile, and Assurance Wireless brands. Sprint Nextel Corporation was founded in 1899 and is headquartered in Overland Park, Kansas.
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The Global Transaction Services business within Bank of America (NYSE: BAC) Merrill Lynch announced the launch of a new user interface for Works®, the bank’s proprietary online program management tool for commercial card clients in the United States and Canada.
With more than 225,000 active users, the Works® platform helps companies manage all aspects of their card program – from individual card account setup, spending controls, account approvals and reconciliation to organization-wide expense reporting. The management tool supports card programs including Purchasing Cards, Travel & Entertainment Cards as well as the bank’s accounts payable online tool, ePayables. The new state-of-the-art design improves the user experience by streamlining workflows and data presentation.
Bank of America is one of the world’s largest financial institutions.
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