- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Sprint Nextel Corporation (NYSE:S) might make a counteroffer for MetroPCS Communications (NYSE:PCS), according to a Guggenheim Securities analyst, which possibility has apparently moved shares of the latter up on Friday. MetroPCS agreed in October to merge withT-Mobile USA (DTEGF.PK), a division of Deutsche Telekom. Through the terms, the German parent firm will hold 74 percent of the combined entity and make a cash payment of $1.5 billion to MetroPCS shareholders. Analyst Shing Yin estimates that Sprint might offer between $12 and $13 a share for MetroPCS within the next four weeks as the former extended its deadline Thursday for a proxy statement linked to a separate deal with Japan’s Softbank Corp., reinforcing the notion that Sprint is preparing a MetroPCS bid. Sprint, the third-largest provider, now has 15.2 percent of the market, but the two largest carriers, Verizon Wireless (NYSE:VZ) and AT&T (NYSE:T), hold a combined 58.5 percent.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.