Over the weekend Sprint and T-Mobile announced again that they would try to merge.
Assuming the powers that be in the US don't have any issue with this deal and it moves forward as proposed, what does it mean for me as a shareholder?
I have 2,000 Sprint shares, and as part of the deal it looks like one Sprint share will be worth ~10% of a T-Mobile share as of the price on Friday.
So does that mean that, if this goes through in early 2019, my 2,000 Sprint shares would turn into 200 T-Mobile shares? What if the price of Sprint stock goes up from here? What if it craters? Is this price/ratio set in stone?
If my stock does get converted, does that happen automatically? Will Fidelity all of a sudden show that I own TMUS stock instead of S?