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Shares of T-Mobile-US
TMUS surged higher Friday on a report from
Dow Jones that Sprint
S could make a bid for the nation's 4th largest mobile carrier in the first half of 2014. It is believed that such a deal could face US antitrust issues.
T-Mobile US began trading as a public company in May 2013, following its merger with MetroPCS. AT&T
T attempted and failed to acquire T-Mobile in 2011.
T-Mobile US closed Friday at $27.64, a gain of 8.5%.
Report Charter to Offer Less than $135/Share for Time Warner CableThe CEO Comments:
Charter Communications
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is preparing to offer less than $135 per share in cash and stock to acquire Time Warner Cable, according to a report from
Bloomberg on Friday. That's considerably less than the $150-$160 reportedly sought by Time Warner, according to a
Bloomberg report on December 5.
Comcast said they are not involved in the Charter bid for Time Warner. Comcast, Charter and Cox Communications have been reported to be potential bidders for TWC.
Time Warner Cable closed Friday at $131.41, a gain of $0.35.
Sonus Networks to Acquire Performance Technologies for $3.75/Share in CashThe Deal:
Sonus Networks
SONS and Performance Technologies
PTIX announced Friday that Sonus will acquire PT for $3.75 per share in cash, or approximately $30 million. The transaction is expected to close in Q1 2014.
Performance Technologies closed Friday at $3.71, a gain of 24.5%.
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