Does anyone who has gone through one of these fiber acquisitions have any insight as to the timing of the closing of the sale? IF a buyer is found and announced before the end of the year, does the closing take months longer to actually happen? Hypothetically, if I received an offer from another company in the coming months, should I try to delay the start date until the sale of the business happens so I can collect RSUs assuming they vest upon the sale? (Another question in itself - would they vest upon the sale?)
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This is today's news. Does this answer your question?
https://www.reuters.com/markets/deals/eqt-backed-zayo-tpg-vie-crown-castle-assets-worth-nearly-10-billion-sources-say-2024-10-02/
3BsKid That is the most vague comment l, why even make it?
I can't wait for the fiber comlabues we bought to be gone and to go back to normal. What a nightmare.
I don’t think they have a buyer and trying to figure out what to do. The buyer was supposed to solve everything. Now with no one wanting our cr-ppy fiber they have to figure out what to do with it.
I have heard this 1st-hand from a teammate that creates the reports for management. Take this with a grain of salt - This post is not to generate false rumors and as was stated earlier, deals can fall through for a multitude of reasons, so this is NOT a guarantee.
With this disclaimer, I am told the sale announcement will be made at the end of Q4 or Q1 2025. Deal will not be finalized until Q2 - Q3 2025, or longer, depending on legal snafus. Identity of buyer is not known, and MAY ONLY be a good-faith offer, and as with any negotiation, timetables can be extended by either party if needed.
Has to be approved by several entities, probably 6-9 months for the close once announced.
Been through it and it took a year, from announcement to completion
It’s not completing the year, you have to stay until the award is actually awarded so keep that in mind.
4-6 months, maybe longer depending on the size of the deal and regulatory hurdles.
Well if it's anything like our fiber sales they'll do the deal quickly, miss the deadline, and lose 30% because they fudged the numbers. Wait I mean sharpened their pencils.
Suggestion: Validate with business support and Schwab regarding your current RSU. Usually, if you separate voluntarily, you only keep your vested RSU.
If you are laid off in 2024, continued vesting of all outstanding RSU granted through 12/31/2023. (previous year) You will automatically forfeit all outstanding RSU awarded to you after that date.
For you to decide if your unvested RSU are worth delaying the acceptance of the new position and, most importantly, how much $ you would realistically be leaving on the table, that is, if CCI stock performs.
If you get an offer take it. Our stock is cr-p. You’re better off elsewhere.
Buyer usually starts getting data access so they can integrate quicker but actual close usually takes months after announcement.
I think people that have been laid off so far have kept their RSU's, including their vesting schedule. If you were expected to stay on at company X, I think you would lose RSUs if you quit. So for you to keep them and be able to take your new position you would have to get laid off and hope they offered you the same deal. That's a lot of speculation, and would still be really difficult to nail with the timing and circumstances, to get the outcome you are looking for.
Yes, many months. And it could fall through at any point right up until the last minute, although I have only seen that happen once.