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Friday, October 12, 2012

Takeover Digest - Wall Street Journal - Oct 12, (NYSE: S)

The following are the top stories in the Wall Street Journal on Friday. Reuters has not verified these stories and does not vouch for their accuracy. * Japanese phone and internet company Softbank Corp is in talks to purchase a significant stake in Sprint Nextel Corp , the ailing U.S. wireless carrier said. A deal would offer a multibillion-dollar lifeline that could help Sprint finance future mergers of its own and better compete with its much bigger and richer rivals.* Vice President Joe Biden and Republican rival Paul Ryan engaged in a confrontational debate Thursday night that included interruptions, flippant asides and pointed accusations over a wide range of economic, foreign policy and social issues.

Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S traded higher by 14.29% or $0.72/share to $5.76. In the past year, the shares have traded as low as $2.10 and as high as $6.04. On average, 76612896 shares of S exchange hands on a given day and today's volume is recorded at 516977024.



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