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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.
After 15 months of lobbying and negotiations, T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) have finally secured both FCC and DoJ approval for their proposed merger. In response to the DoJ putting ...
This was challenged in many lawsuits by Sprint PCS shareholders who felt their stock was devalued because it was trading at the ratio of 1 share of PCS stock for 1/2 share of FON stock. The PCS shareholders claimed a loss of 1.3 billion to 3.4 billion dollars. [50]
Sprint (NYSE:S) continues to remain in limbo. Amid a merger in jeopardy and a disappointing earnings report, Sprint stock had fallen even as that of its buyer-in-waiting, T-Mobile (NASDAQ:TMUS ...
After 15 months of lobbying and negotiations, T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) are finally on the verge of closing their proposed merger. Back in May, the FCC approved the merger after ...
Since early 2017, Sprint (NYSE:S) stock has been on a downward trajectory. The price has gone from $9.25 to $6.90. But recently, the Sprint stock price has gotten a lift. Apparently, the prospects ...
The biggest news in the stock market recently is perhaps that a federal judge approved the proposed $85 billion acquisition of media giant Time Warner Inc (NYSE:TWX) by telecom giant AT&T Inc ...
During his time as CEO and Chairman with Sprint, Esrey was paid an average of $25.5million per annum, including cash, bonuses and stock options. Most of this "income" was in stock options whose value was not realized due to the tech crash in 2000. [2] Esrey earned a seven-figure salary, with annual bonuses ranging from $220,000 to $1.38 million.