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Sprint Corporation Message Board

  • greekmonster101 greekmonster101 Jun 10, 2013 9:39 PM Flag

    Don't like new Offer at all - and numbers don't add up


    Reading the Sprint release on this.....the "new" $4.5 of additional cash is really $1.5 Billion from Softbank and $3 Billion being re-allocated out of Sprint.....

    1) so that's like taking $3 Billion away from the shareholders since New Sprint will have $3 Billion less cash...that's not good

    2) and the end result is existing holders own only 22% of New Sprint versus 30% previously, we just lost 8% ownership of New Sprint...also not good

    3) and the numbers here in general don't add up.....the cash-exchanged shares are 1.65 Billion shares (the other 1.35 Billion shares are the ownership in New Sprint), we're getting only a .35 bump over the previous is that an extra $4.5 Billion for us?

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