Sprint Corp is planning to move ahead on a bid for smaller rival T-Mobile US Inc after meeting banks in April, Bloomberg reported, quoting people with knowledge of the situation. Masayoshi Son, the billionaire Chief Executive Officer of Japan's SoftBank Corp, Sprint's parent company, is expected to make a formal offer in June or July, Bloomberg quoted a source as saying.Sprint Chief Financial Officer Joe Euteneuer and Treasurer Greg Block met with six banks to make sure the lenders would be ready with financing when the No. 3 U.S. mobile provider decides to make an offer, Bloomberg said, quoting three unidentified people.T-Mobile has a market cap of $23.52 billion, according to Thomson Reuters data.The discussions with the banks, which included Goldman Sachs , Citigroup, Bank of America and JPMorgan , were mainly on how much Sprint should borrow for the deal, Bloomberg said. (link.reuters.com/ruc98v)
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC fell by 0.66% or $-0.1/share to $15.14. In the past year, the shares have traded as low as $12.05 and as high as $18.03. On average, 109444000 shares of BAC exchange hands on a given day and today's volume is recorded at 82359672.
Shares of TMUS traded higher by 0.86% or $0.25/share to $29.29. In the past year, the shares have traded as low as $16.01 and as high as $34.10. On average, 5141910 shares of TMUS exchange hands on a given day and today's volume is recorded at 5638581.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 3.88% or $1.35/share to $36.18. In the past year, the shares have traded as low as $31.38 and as high as $38.73. On average, 847453 shares of TRI exchange hands on a given day and today's volume is recorded at 1370771.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 3.98% or $1.52/share to $39.67. In the past year, the shares have traded as low as $33.08 and as high as $42.10. On average, 964374 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 1289562.
Source
