The numbers being reported lately are a mess. What percentage of shareholders have to approve the deal? Does this include Sprint shares or just a certain percentage of the other holders? If the strategic investors approve the deal, can Crest/Mount Kellet block the transaction?
You are missing the point. In the SEC filing Sprint had a clause that basically says if the Partner approves the Sprint's merger all other mergers on the table will be declined and that Sprint will become the sole decider in any future merger transaction. Effectively, Sprint is and will be the only bidder. So, it's game over!
Excellent point. It would appear it is game over from the shareholder vote and standstill agmt POV, but there are still minority shareholder laws that could prove problematic for Sprint. Not that I am advocating that, I would just be surprised if there aren't a few more twists b4 this is all said and done.