Sprint tumbles after report says 10 states are suing to block its merger with T-Mobile (TMUS, S)
|06/11/2019||Posted by BusinessMediaguide.Com under General World News||
- Ten attorney generals from US states on Tuesday are expected to file a lawsuit in the the Southern District of New York to block the proposed merger between T-Mobile and Sprint.
- The proposed merger would combine the country’s third- and fourth-largest wireless carriers.
- Sprint shares are down more than 5% following the report.
- Watch Sprint trade live.
The $146 billion merger between T-Mobile and Sprint will reportedly face another hurdle.
Ten attorney generals from US states are preparing to file a lawsuit in the Southern District of New York to block the merger, according to the <a target="_blank" read more >>>