Sprint Corp is nearing an agreement on terms such as price and termination fee in a deal to acquire T-Mobile US Inc, Bloomberg reported citing people with knowledge of the matter. Under the agreement, which could be announced next month, Sprint will offer about 50 percent stock and 50 percent cash for T-Mobile, leaving parent Deutsche Telekom AG with about a 15 percent stake in the combined company, Bloomberg reported.
Shares of TMUS traded higher by 0.23% or $0.08/share to $34.28. In the past year, the shares have traded as low as $20.31 and as high as $35.50. On average, 4465700 shares of TMUS exchange hands on a given day and today's volume is recorded at 2626452.
Source
