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Western Wireless shareholders voted on July 29, 2005, eleven years to the day after Western Wirless was incorporated, to accept a US$4.4 billion stock-and-cash offer from Alltel. The merger closed on August 1, 2005.
A stock split increases the number of shares while reducing the price per share, making the stock more affordable without changing the company’s overall value.
Under the deal, the two firms paid $71.50 a share in cash, or $27.5 billion, a 10% premium over Alltel's May 18, 2007 closing price. [ 6 ] At its peak, Alltel operated a network in 34 states, with a wireless coverage footprint comprising the largest network in the United States by area.
On Tuesday, AT&T announced it has agreed to buy the Alltel domestic retail wireless business of Atlantic Tele-Network in an all-cash transaction valued at approximately $780 million. Atlantic ...
A split share corporation is a corporation that exists for a defined period of time to transform the risk and investment return (capital gains, dividends, and possibly also profits from the writing of covered options) of a basket of shares of conventional dividend-paying corporations into the risk and return of the two or more classes of publicly traded shares in the split share corporation.
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The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
Palo Alto Networks (NASDAQ: PANW) has a ton going for it right now. It enacted a 2-for-1 stock split in December and recently notched a new all-time high after reporting strong Q2 FY 2025 (ending ...