T-Mobile US is planning on rejecting Iliad's $15 billion offer for the carrier because its parent company, Deutsche Telekom < views the offer as too low, the Financial Times reported on Tuesday, citing two people with knowledge of the situation. The sources said T-Mobile could reject the bid as early as Wednesday.
Shares of TMUS traded higher by 0.45% or $0.15/share to $33.84. In the past year, the shares have traded as low as $22.95 and as high as $35.50. On average, 4059190 shares of TMUS exchange hands on a given day and today's volume is recorded at 2136831.
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