Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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To: richardred who wrote (2749)	10/15/2012 11:39:54 AM
From: richardred	Read Replies (4) of 7239

Looks to be one of the years biggest deals of this otherwise disappointing year of M&A. AT&T already knows break-up fees on a fail T-Mobil deal will eat you alive. I actually owned this company indirectly at one time when I owned Southern Pacific before they sold it. SoftBank will buy 70 percent stake in Sprint for $20B Kansas City Business Journal Date: Monday, October 15, 2012, 7:54am CDT SoftBank Corp. will buy a 70 percent stake in Sprint Nextel Corp. in a deal valued at $20.1 billion, the Kansas City Business Journal reports. The agreement announced Monday calls for Japanese wireless carrier SoftBank to invest $8 billion directly in Sprint and buy $12.1 billion in shares from Sprint stockholders. Sprint will keep its headquarters in Overland Park, with Dan Hesse as CEO, as part of the deal. The deal will strengthen Sprint financially, allowing it to speed its deployment of 4G LTE and, perhaps, put it in position to make other acquisitions. bizjournals.com

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