SoftBank raises $4.8 billion from T-Mobile share sale, term sheet shows

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Japan’s SoftBank raised $4.8 billion from a sale of 21.5 million T-Mobile shares at $224 each, according to a term sheet reviewed by Reuters.

The shares were offered in a price range of $224 to $228 each, the term sheet said. The final price was around a 3% discount to T-Mobile’s closing price on Monday of $230.99.

SoftBank and T-Mobile did not immediately respond to requests for comment from Reuters.

SoftBank will remain T-Mobile’s second largest shareholder after the stock sale, behind Deutsche Telekom which is the U.S. company’s biggest…



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SoftBank raises $4.8 billion from T-Mobile share sale, term sheet shows


Japan’s SoftBank raised $4.8 billion from a sale of 21.5 million T-Mobile shares at $224 each, according to a term sheet reviewed by Reuters.

The shares were offered in a price range of $224 to $228 each, the term sheet said. The final price was around a 3% discount to T-Mobile’s closing price on Monday of $230.99.

SoftBank and T-Mobile did not immediately respond to requests for comment from Reuters.

SoftBank will remain T-Mobile’s second largest shareholder after the stock sale, behind Deutsche Telekom which is the U.S. company’s biggest…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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