Deals
Sprint Falls on Report That SoftBank’s Mulling T-Mobile Deal
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Sprint Nextel Corp., which agreed to a takeover by Tokyo-based SoftBank Corp. in October, fell the most in three weeks after Reuters reported that the Japanese company is discussing an alternative deal with T-Mobile US Inc.
Sprint shares dropped 1.4 percent, the biggest one-day decline since May 13, in New York trading yesterday. The stock has climbed 28 percent this year, boosted by a takeover contest between SoftBank and Dish Network Corp.