Sprint's stock pulls back after Bloomberg report DOJ was leaning toward not approving T-Mobile U.S. merger [MarketWatch]
T-Mobile US, Inc. (TMUS)
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Source: MarketWatch
Sprint's stock pulls back after Bloomberg report DOJ was leaning toward not approving T-Mobile U.S. merger Shares of Sprint Corp. S, +18.28% took an afternoon dip Monday, but was still 16%, after Bloomberg reported that the Department of Justice is leaning against approving T-Mobile U.S. Inc.'s TMUS, +3.66% buyout of the telecommunications company. The stock had rocketed as much as 27.8% in intraday trade Monday, after the Federal Communications Commission Chairman Ajit Pai said he planned to recommend the merger , after the latest commitments made by the companies. The Bloomberg report, which cited one person familiar with the DOJ review, said the reason the DOJ was leaning against approving the merger was because the remedies proposed by the companies don't go far enough to resolve antitrust concerns. Meanwhile, T-Mobile U.S.'s stock was up 2.5%, after being up as much as 7.4% earlier. The SPDR Communications Services Select Sector ETF XLC, -1.56% was down 1.7% and the S&P
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TMUS
Earnings
- 4/25/24 - Beat
TMUS
Sec Filings
- 4/25/24 - Form 8-K
- 4/23/24 - Form 4
- 4/18/24 - Form 4
- TMUS's page on the SEC website