Softbank Corp., Japan's third-largest mobile phone operator, said Tuesday it has abandoned plans to sell preferred stock after succumbing to opposition from investors.
The company canceled plans to sell as many as 1.8 billion preferred shares after taking stockholders' opinions into consideration, Softbank said.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.