Looks like the Sprint/Deutsche Telekom deal might not happen. I am pulling the rip cord and selling for a -14.88% ROI. Yeeks. My orginal post here where I initiated a position.
” … Deutsche Telekom AG Chief Financial Officer Timotheus Hoettges said there’s no need for further consolidation of the U.S. mobile-phone market. …”
Deutsche Telekom is chasing Sprint. No deal annouced yet, and stock gapped up today. Currently it is up 10% on the news.
“Sources said Deutsche Telekom (DT) could submit a bid for Sprint, which has a market valuation of $10.6bn (£6.3bn), within the next few weeks.” - telegraph.co.uk article
Just hazzarding a guess, I would says DT [...]
Virgin Mobile USA (VM) being bought by Sprint Nextel (S). It is a stock deal with restrictions. Based on the terms (see snippet at bottom of this post), here’s how it would work out:
First, if your shares cost you $5.50 in the first place, to at least break even, S’s 10-day avg closing price ending [...]
