r******9
发帖数: 2632 | 1 How exactly is Softbank going to acquire existing shares?
The press release says spending 12.1B to buy "Existing Shares ($7.30/share).
"
S is trading at 5.7x as of now. Why don't we see everyone jumping in to grab
the shares?
Old Lee, now is your moment to shine. Spill your shit! | b*****p
发帖数: 9649 | | w**********o
发帖数: 1421 | 3 he is shorting s
and go to cry soon
).
grab
【在 r******9 的大作中提到】
: How exactly is Softbank going to acquire existing shares?
: The press release says spending 12.1B to buy "Existing Shares ($7.30/share).
: "
: S is trading at 5.7x as of now. Why don't we see everyone jumping in to grab
: the shares?
: Old Lee, now is your moment to shine. Spill your shit!
| b******r
发帖数: 16603 | 4 Bought and Cut. Typical laoli Style. | H**********1
发帖数: 3056 | 5 cut cut cut, then
buy buy buy...
【在 b******r 的大作中提到】
: Bought and Cut. Typical laoli Style.
| b*****p
发帖数: 9649 | 6 then
ride,ride,ride,
finally
sell,sell,sell | b******r
发帖数: 16603 | 7 too much uncertainty
too much smart money manipulating this one.
Frogs like me stay away and looks for some dumb opportunity in coals...
【在 H**********1 的大作中提到】
: cut cut cut, then
: buy buy buy...
| d********t
发帖数: 180 | 8 Under the terms of the deal, SoftBank will purchase 55% of existing shares
for $7.30 in cash. The remaining 45% of shares will be converted into 30% of
the New Sprint shares. SoftBank will be investing $3.1 billion up front in
debt, convertible to New Sprint shares at $5.25 per share. When the deal
closes SoftBank will invest another $4.9 billion in New Sprint shares at $5.
25 per share. SoftBank will also receive a warrant to purchase 55 million
New Sprint shares at $5.25 per share. This structure is the reason that
Sprint shares have been trading well below the $7.30 tender price. Assuming
shares are purchased on a pro rata basis, meaning all investors elect to
receive cash for 55% of holdings, the remaining 45% of shares will be
diluted by the conversion at $5.25 per share, which results in a weighted
price of $6.38 (55% at $7.30, 45% at $5.25). The stock is trading at a
discount to this price as the purchase likely wouldn’t occur until mid-2013
and there is some regulatory risk involved. We do, however, expect the deal
to be completed and approved. |
|
