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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 ...
SoftBank to Acquire 70% Stake in Sprint Sprint Stockholders to Receive Total Consideration of $12.1 Billion in Cash and 30% Ownership in Newly Capitalized Sprint Transaction Provides Sprint with ...
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%. Masayoshi ...
In a recent filing with the SEC, Sprint Nextel (NYS: S) has laid out the procedure by which the Japanese mobile operator SoftBank will acquire its 70% slice of Sprint. SoftBank has already created ...
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 ...
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 ...
His $20 billion takeover of U.S. mobile phone carrier Sprint Nextel Corp. in 2012 was Japan’s biggest foreign acquisition at the time. Son is philosophical about his missteps, such as SoftBank's $18.5 billion investment in co-working space provider WeWork, which sought bankruptcy protection last year. SoftBank also invested in the failed ...