Thu, Dec 25, 2014, 3:12 PM EST - U.S. Markets closed for Christmas


% | $
Quotes you view appear here for quick access.

Sprint Corporation Message Board

  • no_deal_softbank no_deal_softbank Nov 16, 2012 2:49 PM Flag

    The only thing certain between Sprint and Softbank is this...

    SB bought $3.1B of convertible bonds that can convert to common shares at $5.25/sh.

    This results in 19.68% dilution to current shareholders.

    Hesse and the board approved of this dilution because they DID NOT NEED shareholder approval for selling off up to 19.99% of the company.

    Unless the DCC, DOJ, and majority of shareholders approve of the other terms in the deal, this 19.68% dilution is all you will "get".

    Hesse and the board approved this because the company because they couldn't deliver the goods and were desperate for more money to burn.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
4.19-0.05(-1.18%)Dec 24 1:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Yahoo! Inc.
NASDAQWed, Dec 24, 2014 1:00 PM EST
Virgin America Inc.
NASDAQWed, Dec 24, 2014 1:00 PM EST