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Friday, December 13, 2013

Sprint mulling bid for T-Mobile - report, (NYSE: TMUS)

Sprint Corp is mulling a bid for T-Mobile US, according to a report in the Wall Street Journal citing people familiar with the matter. Sprint could launch a bid in the first half of 2014, the report said.

Shares of TMUS traded higher by 8.65% or $2.2/share to $27.64. In the past year, the shares have traded as low as $16.01 and as high as $29.50. On average, 5024030 shares of TMUS exchange hands on a given day and today's volume is recorded at 13209997.