4 Merger and Acquisitions Stock Stories for Friday Reading
Sprint Nextel Corporation (NYSE:S): Closing price $5.79
Chief Executive Dan Hesse is conducting a search for wireless spectrum, subsequent to watching Verizon Wireless and AT&T gobble up more and more of the mobile-phone industry’s most precious resource. Sprint, being the number-three domestic wireless carrier, needs to add capacity to keep its data service from weakening in the future as more users enjoy sports and music videos on phones and tablets. In an interview, Hesse said that his company is looking for deals with peers or through government sales.