Judge will approve T-Mobile-Sprint merger say some Wall Street analysts

Last week, we told you about an analyst for Cowen & Co. named Paul Gallant; the analyst wrote a note to his clients about the bench trial in Manhattan filed by 13 state attorneys general and the attorney general of Washington D.C. seeking to block the T-Mobile-Sprint merger. Gallant told the securities firm's clients that with the testimony all completed, , effectively blocking the $26.5 billion merger (although both sides are likely to appeal a decision against them). The transaction already cleared what many consider to be the highest hurdle that it faced in this long process, approval ...

from PhoneArena https://ift.tt/2MXLYhI