Why did SoftBank use New Sprint shares as part of the tender offer to Sprint shareholders rather than its own shares?

Question

Quizplus · Accepted Answer

The Answer is While SoftBank's shares do not currently trade on U.S. stock exchanges, they could have been registered as ADSs. However, SoftBank is not a well-known firm in the U.S. and its shares might have been less acceptable to Sprint shareholders and may have traded at a discount from their true value. Consequently, it made more sense to use New Sprint shares.

Why Did SoftBank Use New Sprint Shares as Part of the Tender