Economics
T-Mobile’s Sprint Deal Looks Iffy to Traders as Skepticism Grows
- Spread on $26.5 billion deal at highest since announcement
- Cowen analyst Gallant says states may have won court fight
Photographer: Krisztian Bocsi/Bloomberg
This article is for subscribers only.
Wall Street is increasingly pessimistic that T-Mobile US Inc. will complete its $26.5 billion takeover of Sprint Corp., with the spread on the deal at the highest point since it was announced in 2018.
The spread between T-Mobile’s offer price for Sprint and the trading price, an indication of the deal’s risk, has swelled to $2.85 a share on Thursday from a low of 53 cents in May 2018.