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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.
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 ...
One of the smartest investments this year is the acquisition of more than 80% of Sprint , the third-largest carrier in the U.S., by Japanese carrier Softbank, led by Japan's third-richest person ...
Although it is the frontrunner to buy out of Sprint Nextel Corp. (NYSE: S), Softbank could lose out. Its chief executive officer, Masayoshi Son, claims his offer is superior to one made by Dish ...
The Securities and Exchange Commission has signed off on SoftBank's paperwork regarding its proposal to buy a substantial portion of Sprint Nextel , SoftBank announced yesterday. This means Sprint ...
Speculation began last week when The Wall Street Journal reported that Japanese company Softbank would buy a controlling interest in troubled N0.3 U.S. wireless company Sprint Nextel Corp. (NYSE: S).
On 15 October 2012, SoftBank announced plans to take control of American Sprint Nextel by purchasing a 70% stake for $20 billion. [50] On 6 July 2013, the United States Federal Communications Commission approved SoftBank's acquisition for $22.2 billion for a 78% ownership interest in Sprint. [51]
News that Japanese mobile provider powerhouse Softbank is pursuing a buyout of Sprint (NYS: S) rocked the American company's stock, sending it higher 14% on the day, to $5.76. This information ...