T-Mobile, Sprint ready board committees to decide on merger: Sources

T-Mobile, Sprint ready board committees to decide on merger: Sources

7 years ago
Anonymous $ZOEEBQ1zf0

https://www.cnbc.com/2017/10/25/t-mobile-sprint-ready-board-committees-to-decide-on-merger-sources.html

T-Mobile US and Sprint are laying the groundwork for special committees of their board of directors to decide on a merger between the third and fourth largest U.S. wireless carriers, according to people familiar with the matter.

These board committees are important for the merger because T-Mobile and Sprint are majority owned by Germany's Deutsche Telekom and Japan's SoftBank, respectively, and could be left vulnerable to potential lawsuits from minority shareholders if they don't establish independent mechanisms to review the deal.