T-Mobile US and Sprint have adjusted the terms of their long-sought merger, which recently cleared a major legal challenge. T-Mobile shareholders will own a slightly larger percentage of the new company than under the previous agreement. Such an adjustment had been widely expected by investors, with many expecting an even greater consideration to T-Mobile investors than the new deal announced on Thursday evening.
T-Mobile stock (ticker: TMUS) fell close to 2% in after-hours trading, while Sprint stock (S) jumped almost 5%.
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February 21, 2020 at 06:27AM
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T-Mobile and Sprint Amend Merger Terms. The Deal Could Close in April. - Barron's
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