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Tag: complete merger
Sprint, SoftBank complete merger
2013-07-11 03:53:00| Telecompaper Headlines
(Telecompaper) Sprint and SoftBank have completed their merger. SoftBank invested around USD 21.6 billion in Sprint, consisting of USD 16.6 billion to be distributed to Sprint stockholders and USD 5 billion of new capital. Through the transaction, SoftBank acquired around 72 percent of Sprint shares and the remaining shares are being converted into shares of a new publicly traded entity named Sprint Corporation.
Tags: complete
sprint
merger
softbank
Cub Energy, Anatolia Complete Business Merger
2013-06-27 09:00:00| OGI
As a result of the arrangement, Anatolia became a wholly owned subsidiary of Cub.
Tags: business
complete
energy
merger
T-Mobile USA, MetroPCS complete merger
2013-05-02 08:52:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom and T-Mobile USA announced the completion of the combination of T-Mobile USA and MetroPCS. The combined company, T-Mobile US, began trading 01 May on the New York Stock Exchange. As previously announced, the board of directors of the combined company will have eleven members, including two directors of MetroPCS who will continue with the combined company. Tim Hottges, currently deputy CEO and CFO of Deutsche Telekom, will serve as chairman of the board. Under the terms of the merger, MetroPCS effected a one-for-two reverse stock split, made a cash payment of USD 1.5 billion to its stockholders (approximately USD 0.26 per share prior to the reverse stock split) and acquired all of T-Mobile's capital stock from Deutsche Telekom in exchange for approximately 74 percent of MetroPCS's common stock on a pro forma basis. The combined company is headquartered in Bellevue, Washington and maintains a significant presence in Richardson, Texas. The new company will be led by CEO John Legere, with former MetroPCS vice chairman and CFO J. Braxton Carter, serving as CFO. As previously announced, the combined company will operate T-Mobile and MetroPCS as separate brands, led by Jim Alling and Thomas Keys, respectively, migrating to a common network infrastructure and with common support functions.
Tags: complete
usa
merger
tmobile
Georgia Gulf Shareholders Approve Issuance Of Shares Necessary To Complete Merger With PPG Commodity Chemicals Business
2013-01-10 18:31:00| chemicalonline News Articles
Georgia Gulf Corporation recently announced that its shareholders approved the issuance of shares of Georgia Gulf common stock necessary to complete the pending merger with PPG’s commodity chemicals business. The merger is expected to be completed in late January
Tags: business
complete
georgia
shares