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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]
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 ...
Sprint Corporation and T-Mobile US merged in 2020 in an all shares deal for $26 billion. The deal was announced on April 29, 2018. [1] [2] [3] After a two-year-long approval process the merger was closed on April 1, 2020, [4] [5] [6] with T-Mobile emerging as the surviving brand.
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 ...
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 ...
Centel was purchased by Sprint in 1993 for approximately $3 billion in Sprint common stock. Centel's stock was trading at $42.50 per share on the New York Stock Exchange just before the merger announcement in May 1992, but the cash value of the deal (commonly referred to as a “takeunder”) worked out to be only $33.50 per share of Centel stock.
On July 28, 2009, Sprint Nextel Corporation agreed to acquire the outstanding shares of Virgin Mobile USA, Inc. in return for Sprint Nextel stock valued at approximately US$5.50 per share of Virgin Mobile USA common stock. [9] Prior to the purchase, Sprint Nextel owned 13.1% of Virgin Mobile USA. [10] After the acquisition, Sprint Nextel formed ...
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 ...