S - Sprint Corporation

NYSE - NYSE Delayed Price. Currency in USD
7.16
+0.21 (+3.02%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Trade prices are not sourced from all markets
Previous Close6.95
Open7.01
Bid7.13 x 800
Ask7.14 x 1100
Day's Range6.84 - 7.27
52 Week Range5.09 - 7.90
Volume19,877,487
Avg. Volume20,439,831
Market Cap29.201B
Beta (3Y Monthly)0.79
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2007-12-05
1y Target EstN/A
  • American City Business Journals7 hours ago

    Need to know: Corporate Citizenship speeches, Sea-Tac woes and Lauren Selig's latest premiere

    Business Journal Managing Editor Rob Johnson takes readers through a recap of Seattle business news. We call it Business Journal Untucked.

  • The Case for a Combined Sprint and T-Mobile
    Motley Fool2 days ago

    The Case for a Combined Sprint and T-Mobile

    It appears that federal regulators are going to sign off on the merger.

  • TheStreet.com3 days ago

    Baking It In: Cramer's 'Mad Money' Recap (Thursday 5/23/19)

    Until all of the negative trade news is fully baked into the stock market, investors need to remain cautious, Jim Cramer warned his Mad Money viewers Thursday. Other markets, like oil and U.S. Treasuries are already assuming the worst, Cramer said, but so far stocks have not followed suit. Neither side is feeling overly compelled to compromise, Cramer said, and for the first time, our government is willing to take action against bad actors like Huawei.

  • Pennsylvania utilities commission approves T-Mobile-Sprint merger
    Reuters3 days ago

    Pennsylvania utilities commission approves T-Mobile-Sprint merger

    Pennsylvania's Public Utility Commission on Thursday approved T-Mobile US Inc's $26 billion purchase of rival Sprint Corp, bringing the megamerger one step closer to completion. The commission voted 3-2 to approve the deal, it said in a statement. The companies are still awaiting approval from the Justice Department's Antitrust Division and two other state commissions, for California and Hawaii.

  • Telecom firm no longer opposes Sprint/T-Mobile merger
    American City Business Journals3 days ago

    Telecom firm no longer opposes Sprint/T-Mobile merger

    C Spire dropped out of a coalition of groups and companies opposed to the proposed merger of Sprint Corp. and T-Mobile US Inc.

  • AT&T Stock Looks Cheap Right Now, but Verizon Clearly Is a Better Buy
    InvestorPlace3 days ago

    AT&T Stock Looks Cheap Right Now, but Verizon Clearly Is a Better Buy

    My InvestorPlace colleague Luke Lango recently laid out a compelling argument why AT&T (NYSE:T) is too cheap to ignore. Never a fan of AT&T, I've given his case the fair consideration it deserves. Lango's good at what he does and if he thinks AT&T stock is ready to pop, I ought to at least consider his argument.Source: Shutterstock In a nutshell, Lango views the pending green light of the merger between T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) as excellent news for AT&T because it removes a major price cutter from the wireless equation; a headwind that's weighed on T stock for some time. He goes on to say that AT&T's mobility business generates 40% of the company's revenue and 50% of its EBITDA. With one less competitor to deal with, it's likely that its EBITDA margins will move higher in the future due to less discounting in the mobility marketplace.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks to Buy for This Decade's Massive Megatrend Higher margins and revenue combined with dirt cheap financial metrics, and you've got the makings of a good value stock. For example, Lango points out it's got a 6.3% dividend yield, three times the average dividend yield for the market itself. In other words, you're getting paid handsomely to wait for T stock's revival. Also, its forward P/E and P/CF are both well below the market averages and its historical five-year average, making it hard to deny there's unlocked value in AT&T stock. What About Debt?Value isn't just about higher margins, less competitive headwinds, etc. It's also about the strength of the balance sheet. If I'm looking at two companies and one has a forward P/E and P/CF of 20 and 8, respectively, and the other has a forward P/E and P/CF of 15 and 6; based on a value supposition, I'm going to go for the latter stock every day of the week.However, if the latter stock's net debt was $168.9 billion in the most recent quarter or 71% of its market cap, and the former stock's net debt was $111.3 billion or 45% of its market cap, the extra leverage of the latter's stock makes the former a better value on a relative basis due to its superior balance sheet. The latter stock in this example is AT&T and the former is Verizon Communications (NYSE:VZ). The forward P/E and P/CF aren't those of the two wireless carriers. They were merely meant to illustrate why valuation metrics based on price don't always tell the entire story.The real metrics, according to Morningstar, are as follows:AT&T Forward P/E = 9.0Verizon Forward P/E = 12.5AT&T P/CF = 5.0Verizon P/CF = 7.1 The question for investors interested in AT&T stock is whether the 28% discount on the forward P/E and 30% discount on P/CF is worth it given AT&T uses significantly more leverage to generate its earnings and cash flow. Furthermore, Verizon currently yields 4.1%, which isn't bad for a company that utilizes far less leverage to pay for these dividends. Getting back to Lango's argument about the merger removing the discounting headwind from AT&T's sails, the same effect would apply to Verizon. AT&T might generate more free cash flow than Verizon, but it does it at the expense of the balance sheet. Furthermore, AT&T's cash flow as a percentage of revenue is virtually the same as Verizon's, which means it's not doing a better job generating cash flow than its biggest competitor. Is AT&T Stock Too Cheap to Ignore?If you're looking for less risk, Verizon is the better stock to buy.Sure, AT&T might have paid down $538 million in net debt (repayment less issuance) in the first quarter, but that's a drop in the bucket for a company with $169 billion in net debt. If you're an AT&T investor, you better hope that interest rates don't move higher, because if they do, it's in a whole heap of trouble. Value sometimes comes at a price. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post AT&T Stock Looks Cheap Right Now, but Verizon Clearly Is a Better Buy appeared first on InvestorPlace.

  • Telecom Stock Roundup: Qualcomm's Bypass Plans, T-Mobile's Merger Efforts & More
    Zacks3 days ago

    Telecom Stock Roundup: Qualcomm's Bypass Plans, T-Mobile's Merger Efforts & More

    Qualcomm (QCOM) is expected to remain unaffected by the Huawei ban, while T-Mobile (TMUS) is leaving no stone unturned to win regulatory clearance for its merger with Sprint (S).

  • 3 Big Stock Charts for Thursday: Nordstrom, Cadence Design Systems and Under Armour
    InvestorPlace3 days ago

    3 Big Stock Charts for Thursday: Nordstrom, Cadence Design Systems and Under Armour

    The bears pushed back, again, lengthening what has become some very indecisive action for stocks. The S&P 500's modest 0.28% slide wasn't terrifying, but it did represent another failed effort to crawl back above its key 50-day moving average line.Source: Allan Ajifo via Wikimedia (Modified)Qualcomm (NASDAQ:QCOM) led the way, tumbling almost 11% in response to reports that it has been found in violation of U.S. antitrust laws. Sprint (NYSE:S) wasn't far behind though, with its 7.6% setback after the Department of Justice recommended its impending merger with T-Mobile (NASDAQ:TMUS) be blocked.While not nearly as many, there were a handful of winners on Wednesday. Chief among them was Target (NYSE:TGT). Shares of the retailer rallied almost 8% yesterday on the heels of an encouraging Q1 print.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Names That Are Screaming Stocks to Buy None of those names are especially compelling trading prospects headed into today's session, however. Rather, it's the stock charts of Cadence Design Systems (NASDAQ:CDNS), Nordstrom (NYSE:JWN) and Under Armour (NYSE:UAA) that are worth the closer looks. Under Armour (UAA)Athletic apparel company Under Armour is a well-known brand, but years of expensive decisions caught up with the company in 2016. Nervous investors finally expressed their concern with a steep selloff.Under Armour finally started to work on its issues in 2017, and investors responded accordingly. That is, UAA stock began to rise again. A technical ceiling has taken shape in the meantime though, and while it's a clear problem, it's also a clear potential catalyst if it can be hurdled. And, the stock is catching a pretty healthy tailwind. Click to Enlarge * The technical ceiling in question is around $24.60, near where UAA has topped out several times since the middle of last year. That line is plotted in blue on both stock charts. * Although it hasn't been able to break above $24.60 yet, UAA has left behind a trail of higher lows. The most recent low was made by a push up and off the white 200-day moving average line, highlighted on the daily chart. * The tide is bullish, but there's a gap from last week that needs to be filled, and for Under Armour shares, volatility is the norm. Any breakout may not take shape straightaway. Cadence Design Systems (CDNS)Monday's tumble from Cadence Design Systems shares could have been chalked up as an effort to close the bullish gap left behind in April. Generally speaking, the market doesn't like to leave gaps unfilled. That selloff was a good start to that effort, even if it didn't actually touch that all-important April 22 low of $64.27.The gap still hasn't been filled either, as CDNS bounced a bit on Tuesday, and Wednesday's lull wasn't terribly devastating. The tendency to fill in gaps, however, may have done some other technical damage to Cadence Design Systems that will lead to more downside anyway. * The 7 Best Penny Stocks to Buy Click to Enlarge * The chief damage done is the move below the 50-day moving average line, plotted in purple on both stock charts. That line appears to be something of a technical ceiling now. * Underscoring the way the tide has turned is the volume surges behind Monday's and Wednesday's selloffs. * Zooming out to the weekly chart it's easy to see just how overbought CDNS was as of last month, and how vulnerable it was and still is to profit-taking. Shares rallied 70% from their December low to their early May high. Nordstrom (JWN)At first glance, Wednesday's big stumble from Nordstrom would be alarming. It has been one of the bigger victims of the so-called retail apocalypse, and shares have been underperforming for years. A disappointing Q1 only underscores that worry.Yet, a closer look at yesterday's 9.2% setback -- and the lead into it -- suggests that sharp loss may actually be something of a capitulation that ultimately turns into a buying opportunity. Click to Enlarge * Wednesday's bar was a doji, where the open and close are in the middle of the bar. This indicates that an equilibrium between the buyers and the sellers was met. The volume spike yesterday is also something often seen at key pivot points. * On the weekly chart, we can see JWN hit a new multi-year low, falling under 2016's low of just under $35. In many cases, traders are waiting to see prior lows met or exceeded before stepping back in. * Also on the weekly chart, it's clear that the RSI line doesn't stay in an oversold state for very long.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post 3 Big Stock Charts for Thursday: Nordstrom, Cadence Design Systems and Under Armour appeared first on InvestorPlace.

  • DOJ's Delrahim still open to Sprint-T-Mobile deal: CNBC
    Reuters3 days ago

    DOJ's Delrahim still open to Sprint-T-Mobile deal: CNBC

    The U.S. Department of Justice's antitrust chief, Makan Delrahim, is still open to T-Mobile US Inc's $26 billion acquisition of smaller rival Sprint Corp, CNBC reported on Thursday. Reuters reported on ...

  • Reuters3 days ago

    Nikkei drops as U.S.-China trade tensions hit tech shares

    Japan's Nikkei dropped on Thursday after renewed U.S.-China trade tensions dragged down technology shares, while index-heavyweight SoftBank Group fell more than 5 percent. TDK Corp dived 6.5%, Advantest Corp declined 2.6%, Tokyo Electron shed 2.5%, and Sony Corp slid 3.7%. "Investors are worried that the U.S. may put restrictions on more companies in the future, not just Huawei and Hikvision," said Takuya Takahashi, a strategist at Daiwa Securities.

  • Reuters4 days ago

    Nikkei drops as U.S.-China trade tensions flare; Sprint sale doubt hits Softbank

    Japan's Nikkei dropped on Thursday morning after renewed U.S.-China trade tensions dragged down technology shares, while index-heavyweight SoftBank Group fell more than 5 percent. The Nikkei share average ...

  • U.S. Justice Department staff recommends blocking T-Mobile-Sprint deal, sources say
    Reuters4 days ago

    U.S. Justice Department staff recommends blocking T-Mobile-Sprint deal, sources say

    The U.S. Justice Department's antitrust division staff has recommended the agency block T-Mobile US Inc's $26 billion acquisition of smaller rival Sprint Corp, according to two sources familiar with the matter. While Justice Department staff balked at the merger, the Federal Communications Commission indicated on Monday it had reached an agreement in principle with the companies to allow the deal after the companies agreed to sell Sprint's prepaid brand Boost Mobile. The final decision on whether to allow two of the four nationwide wireless carriers to merge now lies with political appointees at the department, headed by antitrust division chief Makan Delrahim.

  • T-Mobile-Sprint deal would boost prices, hurt poorest U.S. consumers, experts say
    Reuters4 days ago

    T-Mobile-Sprint deal would boost prices, hurt poorest U.S. consumers, experts say

    WASHINGTON/NEW YORK (Reuters) - Concessions by T-Mobile US Inc to win U.S. government approval to buy Sprint Corp will likely lead to higher prices for the poorest Americans, many of whom use prepaid wireless plans, analysts and activists said. The more expensive prepaid plans, used by people who lack the good credit to qualify for a cheaper postpaid plan means low-income users will have less access to the internet for job hunts and job applications, and for children to do homework, activists say. T-Mobile and Sprint said on Monday they would sell Sprint's Boost Mobile business, which sells prepaid plans, and ensure that the divested company has access to a wireless network for six years.

  • Why Sprint Stock Isn’t a Gamble That’s Worth Taking
    InvestorPlace4 days ago

    Why Sprint Stock Isn’t a Gamble That’s Worth Taking

    Sprint (NYSE:S) continues to remain in limbo. Amid a merger in jeopardy and a disappointing earnings report, Sprint stock had fallen even as that of its buyer-in-waiting, T-Mobile (NASDAQ:TMUS), steadily rises. Sprint stock spiked higher on Monday as the Federal Communications Commission (FCC) appeared to green light the merger.Source: Shutterstock However, with the Department of Justice (DOJ) set to block the union, Sprint has again begun to fall. Worse, given the known state of Sprint's 5G network, one has to wonder if it can remain a viable entity without the help of T-Mobile. Given these conditions, Sprint stock offers no viable investment options for shareholders. FCC, DOJ on Opposing SidesSprint stock surged higher by almost 19% in Monday trading as FCC Chairman Ajit Pai gave his approval to the merger. Before this announcement, S stock traded more than 20% below the price T-Mobile guaranteed to Sprint shareholders if the deal took place. With FCC approval, much of that gap had closed.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, the stock fell back by more than 3% in Wednesday trading as antitrust staffers at the DOJ recommended blocking the deal. Now, political appointees within the DOJ must decide whether to file a suit to block the agreement. Most expect a final decision within a month. Whatever happens, it brings further uncertainty to a deal seen as both controversial and inevitable. Expect Some Kind of MergerInvestors need to understand that a merger will occur whether or not a merger occurs. The government can allow T-Mobile to buy Sprint's assets. It can also let Sprint decline. If Sprint folds, some or all of the remaining 5G players could buy Sprint's assets in the bankruptcy process. As my colleague Dana Blankenhorn suggests, they could also face better-heeled players such as Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) or Amazon (NASDAQ:AMZN) buying Sprint's assets. Hence, few in the telco industry will win if the DOJ blocks the deal. * 10 Names That Are Screaming Stocks to Buy Our own James Brumley spells out this case in greater detail. I agree with him that regulators know that the market may end up with only three 5G players regardless of their decision on the merger. Still, predicting if and when a deal occurs remains the challenge. Sprint Stock Is Not an InvestmentAs a result, Sprint stock has ceased to serve as an investment. Both the numbers and management's illustration of the network leave investors with few reasons to choose S stock over AT&T (NYSE:T) or Verizon (NYSE:VZ). CEO Michael Combes even declined to answer a question as to whether the company can offer nationwide coverage if the T-Mobile merger does not occur.By itself, this makes Sprint's 5G less valuable than that of its three direct peers. That bodes poorly for a company with $28.27 billion in book value and $36.28 billion in long-term debt.In fairness, the stocks of AT&T and Verizon also face their challenges. Due to the cost of a 5G buildout and other factors, both companies face heavy debt loads. In AT&T's case, a move into media content has placed further pressure on that equity. As a result, both stocks support low multiples.However, one can still classify those companies as investments. Lower stock prices have given both AT&T and Verizon some of the highest dividend yields in the S&P 500. Sprint cannot afford a payout at all. Moreover, both AT&T and Verizon have increased their payouts every year for decades. 5G will probably finance these dividend increases in the future. Hence, even if these equities remain somewhat depressed, they can still deliver shareholder return. A Deal Is the Only Hope for Sprint StockThe merger has become the only known possibility for Sprint stock to deliver further significant upside. Since holders of S stock will receive 0.10256 shares of T-Mobile stock, this translates into a purchase price of about $7.85 per share as of the time of this writing. With the current Sprint stock price of around $7 per share, that represents a premium of almost 12%. Without the deal, traders will probably watch Sprint become the Sears Holdings (OTCMKTS:SHLDQ) of the wireless industry as it gradually bleeds out. * 7 Athletic Apparel Stocks With Marathon Pace In the end, we do not know what regulators will do. Hence, I mostly agree with my colleague Vince Martin that Sprint stock has become a gamble. However, I see this as a poor gamble, as we do not know when government regulators will make their final decision. The Bottom Line on Sprint StockSprint stock offers little hope for investor returns outside of the formal approval of the T-Mobile merger. Given its financial condition, Sprint will struggle to build a nationwide 5G network without some help. Hence, a takeover of some kind will likely occur regardless of what regulators may think.This leaves holders of Sprint stock with only gambling instead of investing options. They either bet on government approval, or they witness an almost-certain drop into penny-stock status. With the FCC and DOJ at cross purposes, what will happen is anyone's guess.People who want to gamble might have better luck (and certainly more fun) at a blackjack table. Those who wish to invest will likely see higher returns in the equities of AT&T, Verizon or that of their prospective suitor.As of this writing, Will Healy did not hold a position in any of the aforementioned securities. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post Why Sprint Stock Isn't a Gamble That's Worth Taking appeared first on InvestorPlace.

  • Reuters4 days ago

    U.S. Justice Dept staff recommends blocking T-Mobile-Sprint deal, sources say

    The U.S. Justice Department's antitrust division staff has recommended the agency block T-Mobile US Inc's $26 billion acquisition of smaller rival Sprint Corp, according to two sources familiar with the matter. While Justice Department staff balked at the merger, the Federal Communications Commission indicated on Monday it had reached an agreement in principle with the companies to allow the deal after the companies agreed to sell Sprint's prepaid brand Boost Mobile. The final decision on whether to allow two of the four nationwide wireless carriers to merge now lies with political appointees at the department, headed by antitrust division chief Makan Delrahim.

  • Amid Merger Noise, Verizon Stock Stands Out as the Long-Term Winner
    InvestorPlace4 days ago

    Amid Merger Noise, Verizon Stock Stands Out as the Long-Term Winner

    Telecom heavyweights T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) captured headlines and received a big lift in the markets. In a stroke of good fortune, Federal Communications Commission chairman Ajit Pai recommended approving their $26 billion merger. But as great as this news is for TMUS and Sprint speculators, sector giant Verizon (NYSE:VZ) stock also received much love.Source: Via FlickrGranted, the scale is completely different. T-Mobile shares jumped nearly 4% on the news, while Sprint went berserk, gaining almost 19%. On the other hand, the VZ stock price increased a modest 1.6%. It was a similar tale with telecom leader AT&T (NYSE:T), which eked out a 1.2% single-day profit.But why would this merger help either AT&T or Verizon stock? The combined T-Mobile-Sprint entity will have a wireless-subscription base of 125 million customers. AT&T won't feel immediately threatened with their 148 million subscribers. But Verizon has 118 million subs, which would put it last in this three-way race.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNevertheless, it's important to recognize market sentiment here. Despite the sudden presence of a third stalwart in the mix, the VZ stock price went up, not down. I don't think this swing, albeit a small one, is an anomaly.For one thing, Verizon is the dominant leader in the 4G network, with 70% coverage. There's quite a gap from there to T-Mobile in the number-two slot, with 59%. Plus, VZ delivered the world's first 5G service, giving it a leg up on the competition. That's one reason not to worry about Verizon stock. * 7 High-Yield REITs to Buy (Even When the Market Tanks) The other reason is customer loyalty. Here, T-Mobile wins but Verizon holds a strong second. Combined with the coverage-advantage, VZ stock is compelling. VZ Stock Is Fundamentally Critical to National InterestsBut for me, the overriding factor supporting the bull case for Verizon stock is the ultra-long-term national interest. Pai listed out his agency's top goals during the merger-approval announcement, stating, "Two of the F.C.C.'s top priorities are closing the digital divide in rural America and advancing United States leadership in 5G, the next generation of wireless connectivity."I don't think you can overemphasize this point: the U.S. must win the technology race if it wants to maintain its global economic and military dominance. Our fiercest adversaries, China and Russia, already have strategized their vision that extends decades. Based on the priorities of the President Donald Trump administration (ie. the wall), we may be desperately behind.Therefore, it's critical that we not only build out our 5G network, but that we decisively lead the sector. Obviously, with Verizon taking that key first step, this embodies the leadership our government wants and needs. You can easily expect support at the highest level, which bodes extremely well for the VZ stock price.Really, it's the same argument for AT&T. Recently, I mentioned that T shares represent more than a mere investment. When you have Russian President Vladimir Putin essentially stating that he's going to do his level best to win in artificial intelligence, these telecom giants immediately take on more significance.With AT&T or Verizon stock, you don't need to get complicated: we have to win and win bigly in 5G. This groundbreaking platform is the backbone of all technologies of tomorrow. If we're going to do anything -- be it AI, automation, or robotics -- we must implement the best telecommunications network.I would say that anything short of that jeopardizes national security because the pace of innovation is exponential. Verizon Stock or AT&T?If you've decided to invest in telecom -- and it's a very wise decision -- you now have a choice: assuming you're going with the leaders, do you pick Verizon stock or AT&T?Both names are similar in their size, fundamental importance and potential reach. While some analysts may swing one way or the other, I think it comes down to risk tolerance.Obviously, AT&T carries more risk because it has much more debt than VZ stock. That said, I'm more convinced that the former has made relatively smarter choices in their acquisitions. For instance, while the DirecTV buyout has not panned out well, it has some possibility of at least breaking even.I say that because streaming isn't a complete panacea. It has drawbacks, such as requiring expensive high-speed internet, and limited access in remote areas. On the other hand, Verizon buying out assets like Yahoo probably has no chance of redemption.Still, Verizon stock is on paper the safer way to go. Based on how critical 5G technology is and will be, you can't go wrong with either giant.As of this writing, Josh Enomoto is long AT&T stock. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post Amid Merger Noise, Verizon Stock Stands Out as the Long-Term Winner appeared first on InvestorPlace.

  • Sprint, T-Mobile Fall on Report That DOJ Staff Opposes Deal
    Bloomberg4 days ago

    Sprint, T-Mobile Fall on Report That DOJ Staff Opposes Deal

    The staff’s opposition, reported by Reuters, may influence the opinion of the department’s antitrust chief, Makan Delrahim, who has the ultimate say on whether to oppose the $26.5 billion deal. Bloomberg News reported earlier this week that Delrahim is leaning against the transaction, citing a person familiar with the matter. Sprint fell as much as 4.2% in New York trading Wednesday, while T-Mobile fell as much as 1.2%.

  • Motley Fool4 days ago

    FCC Chairman Ajit Pai Recommends Approval of T-Moble/Sprint Merger

    The market had been treating this like a coin toss. Now, optimism reigns.

  • American City Business Journals5 days ago

    Analyst: 'T-Mobile will do whatever it takes' to get Sprint deal approved

    The DOJ wants to extract more concessions from T-Mobile, according to an industry analyst, and the company's leadership have personal incentives to make it happen.

  • Former Risk Arbitrageur to CEOs: Keep Your Friends Close and Your Arbs Closer
    CorpGov.com5 days ago

    Former Risk Arbitrageur to CEOs: Keep Your Friends Close and Your Arbs Closer

    Edelman Senior Vice President Ira Gorsky From Anadarko’s sale to Occidental to T-Mobile’s purchase of Sprint to Bristol Myers Squibb’s acquisition of Celgene, big deals on Wall Street often put shares in the hands of an unfamiliar investor: the risk arbitrageur, or Arb. In the article below for CorpGov, Edelman Senior Vice President Ira Gorsky […]

  • Motley Fool5 days ago

    A Tale of 2 Acquisitions, With High Drama in Mergerland

    A key name gave his blessing to the T-Mobile/Sprint deal, while CBS announced a bid to scoop up a premium cable network.

  • T-Mobile and Sprint Appear to Secure Third FCC Vote, but Antitrust Concerns Linger
    Motley Fool5 days ago

    T-Mobile and Sprint Appear to Secure Third FCC Vote, but Antitrust Concerns Linger

    The companies still expect the deal to secure federal regulatory approval within weeks.