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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.
By Sam Nussey. 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%.
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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 ...
Sprint Corporation allowed certain Sprint MVNOs to accept and activate old Sprint-branded phones through its "Bring Your Own Sprint Device" program which was established for Sprint's initiative to further reduce the number of cell phones that were thrown away each year.
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 ...
In July 2013, Morrison & Foerster represented SoftBank in its $21.6 billion acquisition of a 78 percent stake in Sprint Nextel. [26] According to The Wall Street Journal, the transaction was "one of the most complex and unusual deals in the annals of takeovers." [27] The firm also represented SoftBank in Alibaba's U.S. IPO—the largest IPO in ...
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