NEW YORK, May 1, 2018 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Sprint Corporation
("Sprint" or the "Company") (NYSE: S) in connection with the
proposed acquisition of the Company by Deutsche Telecom AG, the
parent company of T-Mobile US Inc ("TMUS") (NASDAQ: TMUS).
Under the terms of the acquisition agreement, the Company's
shareholders will receive a fixed ratio of 0.10256 of a TMUS share
for each Sprint share they own; representing consideration of
$5.14 based on TMUS' May 1 closing price.
WeissLaw is investigating whether Sprint's Board acted to
maximize shareholder value prior to entering into the
agreement. Notably, at least one analyst set a target price
of $7.00 per Sprint share.
Additionally, the Company's shares traded for $8.55, or nearly $2.00 above the per-share consideration, as
recently as September of 2017.
Given these facts, WeissLaw is investigating whether Sprint's
Board acted in the best interests of Sprint's public shareholders
to maximize shareholder value prior to entering into the
agreement. If you own Sprint shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/sprint-corporation/
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SOURCE WeissLaw LLP