UPDATE 4-U.S. Justice Department tells T-Mobile, Sprint it has concerns about merger deal -sources - Mr.IT

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UPDATE 4-U.S. Justice Department tells T-Mobile, Sprint it has concerns about merger deal -sources

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The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp it has concerns about their proposed $26 billion merger in its current structure, sources familiar with the matter said on Tuesday, although no final decision has been made. Sprint shares fell about 9 percent after the bell as investors increased bets the deal would not be completed following a Wall Street Journal report the merger is unlikely to be approved as currently structured. Shares of T-Mobile fell 4 percent.




from Yahoo News - Latest News & Headlines https://yhoo.it/2ZhN1NZ

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