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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.
This was challenged in many lawsuits by Sprint PCS shareholders who felt their stock was devalued because it was trading at the ratio of 1 share of PCS stock for 1/2 share of FON stock. The PCS shareholders claimed a loss of 1.3 billion to 3.4 billion dollars. [50]
After 15 months of lobbying and negotiations, T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) have finally secured both FCC and DoJ approval for their proposed merger. In response to the DoJ putting ...
Sprint (NYSE:S) continues to remain in limbo. Amid a merger in jeopardy and a disappointing earnings report, Sprint stock had fallen even as that of its buyer-in-waiting, T-Mobile (NASDAQ:TMUS ...
It's an interesting time to be a stakeholder of Sprint (NYSE:S). For years, the mobile firm ran as an afterthought behind telecommunications leaders AT&T (NYSE:T) and Verizon (NYSE:VZ). As a ...
Roush Fenway Keselowski Racing, doing business as RFK Racing, is an American professional stock car organization that currently competes in the NASCAR Cup Series.One of NASCAR's largest racing teams in the 2000s and early 2010s, Roush formerly ran teams in the NASCAR Xfinity Series, NASCAR Craftsman Truck Series, ARCA Menards Series, Trans-Am Series and IMSA Camel GT.
Since early 2017, Sprint (NYSE:S) stock has been on a downward trajectory. The price has gone from $9.25 to $6.90. But recently, the Sprint stock price has gotten a lift. Apparently, the prospects ...
Michael Christopher McDowell (born December 21, 1984) [1] is an American professional stock car racing driver. He competes full-time in the NASCAR Cup Series, driving the No. 71 Chevrolet ZL1 for Spire Motorsports and part–time in the NASCAR Craftsman Truck Series, driving the No. 07 Chevrolet Silverado for Spire Motorsports.