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Friday, June 6, 2014

Deals of the day- Mergers and acquisitions, (NYSE: TMUS)

The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Friday:** Sprint Corp and T-Mobile US Inc might have some fresh arguments to allay regulator skepticism about a merger, but the government may still be reluctant to approve shrinking the U.S. wireless market from four main players to three. Sprint, purchased by Japan's Softbank Corp in 2013, has agreed to pay about $40 per share, or over $32 billion, for T-Mobile US, a person familiar with the matter said on Wednesday, bringing to a head a long-discussed and controversial deal to reshape the U.S. cellphone market.

Shares of TMUS traded higher by 0.6% or $0.2/share to $33.69. In the past year, the shares have traded as low as $20.67 and as high as $35.50. On average, 4464030 shares of TMUS exchange hands on a given day and today's volume is recorded at 479239.



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