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.
