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Wednesday, August 6, 2014

Market Chatter- Corporate finance press digest, (NYSE: TMUS)

The following corporate finance-related stories were reported by media: * French telecom firm Iliad is in talks with investors to improve its bid for T-Mobile US because it expects the parent company Deutsche Telekom to reject its $15 billion offer, three sources familiar with the matter said on Tuesday.* Sprint Corp has dropped its bid to acquire T-Mobile U.S. Inc because the challenge of securing regulatory approval for the deal was too steep, a person familiar with the matter told Reuters.

Shares of TMUS traded higher by 0.65% or $0.22/share to $33.91. In the past year, the shares have traded as low as $22.95 and as high as $35.50. On average, 4162600 shares of TMUS exchange hands on a given day and today's volume is recorded at 8980155.