In a surprise move, the US District Court approved the T-Mobile US (TMUS) acquisition of Sprint (S). The stock soared based on this news, but Sprint investors should get out of the stock now. The Business Combination Agreement, or BCA, has lapsed and investors should expect T-Mobile to request a price cut due to the declining business of Sprint while the wireless operator is left with no other options.
Image Source: T-Mobile website
Original Agreement
The original agreement was an all-stock transaction at an exchange ratio of 0.10256 T-Mobile shares for