Bernstein suggests the terms of Sprint's (S +0.1%) complex deal with SoftBank leave shares undervalued at current levels: the firms points out that if the newly capitalized Sprint is worth $6/share, current shares are worth $6.72 (~$1 above present levels) after accounting for the 55% of current shares that will be sold for $7.30, and the 45% that will be converted. SA's Ted Barac also sees a buying opportunity, particularly since the deal will strengthen Sprint's balance sheet while reducing its float. (more) [View news story]
Does it mean that the sprint price will not go over 7.30 until this softbank deal is completed...TY Eric
Bernstein suggests the terms of Sprint's (S +0.1%) complex deal with SoftBank leave shares undervalued at current levels: the firms points out that if the newly capitalized Sprint is worth $6/share, current shares are worth $6.72 (~$1 above present levels) after accounting for the 55% of current shares that will be sold for $7.30, and the 45% that will be converted. SA's Ted Barac also sees a buying opportunity, particularly since the deal will strengthen Sprint's balance sheet while reducing its float. (more) [View news story]
what is the implication of this Softbank buying sprint to a regular shareholder ? Could anyone explain in lay mans term.
Bernstein suggests the terms of Sprint's (S +0.1%) complex deal with SoftBank leave shares undervalued at current levels: the firms points out that if the newly capitalized Sprint is worth $6/share, current shares are worth $6.72 (~$1 above present levels) after accounting for the 55% of current shares that will be sold for $7.30, and the 45% that will be converted. SA's Ted Barac also sees a buying opportunity, particularly since the deal will strengthen Sprint's balance sheet while reducing its float. (more) [View news story]
Bernstein suggests the terms of Sprint's (S +0.1%) complex deal with SoftBank leave shares undervalued at current levels: the firms points out that if the newly capitalized Sprint is worth $6/share, current shares are worth $6.72 (~$1 above present levels) after accounting for the 55% of current shares that will be sold for $7.30, and the 45% that will be converted. SA's Ted Barac also sees a buying opportunity, particularly since the deal will strengthen Sprint's balance sheet while reducing its float. (more) [View news story]
Softbank's Acquisition Of Sprint Looks Likely To Go Through And Benefit Shareholders [View article]
Softbank's Acquisition Of Sprint Looks Likely To Go Through And Benefit Shareholders [View article]