T-Mobile completed its merger with Sprint on 4/1/2020for T-Mobile stock. The merged company then changed the name of the company to Truist Financial and the ticker symbol to TFC.
The SEC filing for this merger can be found through the T-Mobile web site at:
Resolution:
This merger is a simple merger. The information below is based on the information available from a form S-4/A filed with the SEC. Price information is from websites offering historical prices.
The Merger Entry
Go to Transactions > Merger or Accounting > Securities > Record merger of securities depending on the version of the software being used. If you are unfamiliar with merger transactions you can get help at this URL: https://www.iclub.com/support/kb/default.asp?page=normal_merger
Here is the information needed for Sprint shareholders to complete the merger.
Date: 4/1/2020
Old Security or Merging Company: Sprint (S)
Price per share of old Security / S: Use last S valuation, if needed
Cash received: See your broker statement for cash-in-lieu
New Security: T-Mobile (TMUS)
New Security Price: 84.06 (Average of opening and closing price on 4/1/2020)
Shares received : 0.10256 x (# of S shares owned).
(Remember to include fractional shares.)
For example, if you owned 100 S shares, you should receive 0.10256 x 100 = 10.256 TMUS shares.
Save the transaction and the merger has been entered.
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