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Sprint Corporation Message Board

  • wall_st_knight_mare wall_st_knight_mare Oct 14, 2012 10:42 PM Flag

    $7.30 a share

    Under the deal taking shape, the sources said Softbank would buy some $12 billion worth of Sprint shares and spend another $8 billion on new Sprint securities. The Japanese firm would initially buy $3 billion of bonds convertible into Sprint stock at $5.25 a share, the Wall Street Journal reported, citing people familiar with the matter. It would also buy $5 billion in stock directly from Sprint, and offer $7.30 a share for stock it buys in the public markets. Sprint closed on Friday at $5.73.

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