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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.
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 ...
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 ...
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The merger agreement between Sprint Nextel and Japan's SoftBank has been amended to include an additional $4.5 billion in cash consideration to Sprint shareholders, bringing that total to $16.64 ...
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 ...
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