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Recent news about the merger between Sprint (NYSE:S) and T-Mobile (NASDAQ:TMUS) reminded me why I don't like gambling on such events. As you know, the S stock price received a massive boost in the ...
Prior to July 9, 2013, Sprint Nextel only owned a 50.8% equity interest in Clearwire Corporation; On December 17, 2012, Sprint Nextel agreed to pay US$2.97 per share, US$2.2 billion in total, to purchase the portion of Clearwire shares that Sprint Nextel did not already own. On June 20, 2013, Sprint Nextel increased its offer to $5 per share ...
On July 28, 2009, Sprint Nextel Corporation agreed to acquire the outstanding shares of Virgin Mobile USA, Inc. in return for Sprint Nextel stock valued at approximately US$5.50 per share of Virgin Mobile USA common stock. [9] Prior to the purchase, Sprint Nextel owned 13.1% of Virgin Mobile USA. [10] After the acquisition, Sprint Nextel formed ...
U.S. stocks are in the red this morning, with the S&P 500 and the narrower, price-weighted Dow Jones Industrial Average down 0.88% and 0.77%, respectively, at 10:05 a.m. EDT. SoftBank's final ...
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.
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The 2-year agreement price is available to new Nextel subscribers, as well as all current Nextel subscribers, which is specifically outlined in the Nextel Upgrade Frequency Policy Pages. Firm-related incentives, Equipment/Phone exemptions, and other perks may be given at the discretion of Sprint Nextel.