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The new BCA gives an exchange ratio of 11.00 Sprint shares for each T-Mobile share, up from the original agreement of 9.75 Sprint shares. SoftBank, Sprint's owner, has agreed to surrender 48.8 million T-Mobile shares acquired in the merger to the New T-Mobile, making SoftBank's effective ratio of 11.31 shares per T-Mobile share.
TOKYO (Reuters) -SoftBank Group Corp said it would receive shares in telco T-Mobile US worth some $7.59 billion at no additional cost, driving the Japanese conglomerate's shares up 5%. Masayoshi ...
SoftBank stated that Sprint will remain a separate entity, and will remain a CDMA carrier until it is an all-LTE carrier. [76] On April 15, 2013, Dish Network announced a higher bid for Sprint Nextel than the offer placed by SoftBank, with a $25.5 billion offer.
Jamie Squire/Getty Images By Carey Gillam OVERLAND PARK, Kan. -- Sprint shareholders have voted in favor of a sweetened takeover offer from SoftBank, ending a contentious takeover battle for the ...
SoftBank to Acquire 70% Stake in Sprint Sprint Stockholders to Receive Total Consideration of $12.1 Billion in Cash and 30% Ownership in Newly Capitalized Sprint Transaction Provides Sprint with ...
The merger agreement between Sprint Nextel and Japan's SoftBank has been amended to include an additional $4.5 billion in cash consideration to Sprint shareholders, bringing that total to $16.64 ...
Sprint Nextel shareholders voted today to approve the company's merger agreement with Japanese telecom SoftBank, Sprint announced today. The company said that 98% of the votes cast today voted in ...
In a recent filing with the SEC, Sprint Nextel (NYS: S) has laid out the procedure by which the Japanese mobile operator SoftBank will acquire its 70% slice of Sprint. SoftBank has already created ...