Does anyone have any wisdom on the Sprint merger?
Quote:
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Shareholders are expected to receive approximately $7.65 per share (or an option to convert their current Sprint stock holdings to "New Sprint common stock"), part of a $16.64 billion pie. Softbank already owns a 70 percent stake in Sprint, which it purchased earlier this year for approximately $20.1 billion. Should this merger go through as it's expected to next month, Softbank and Sprint will become one.
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My wife has had a few shares for awhile and now needs to decide if she wants to hold it or sell it. I haven't had much time to dig into the history or the 'word on the street' to know if the "post merger" company has any promise.
The company I work for just went public today and had the big IPO day at NASDAQ. Hopefully, there will be stock options for employees next year.
Randy