Deutsche Telekom Puts $35/Share Price Tag On T-Mobile
T-Mobile (NYSE: TMUS) two-thirds stakeholder Deutsche Telekom AG is willing to sell the business for at least $35 a share, according to a report Thursday from Bloomberg news service.
T-Mobile traded recently at $30.04, up two percent.
Deutsche Telekom Chief Executive Timotheus Hoettges said in an August 7 statement that an acceptable offer would be higher than T-Mobile's standalone price.
T-Mobile's merger talks with Sprint reportedly collapsed earlier this month because of anti-trust scrutiny. Those talks were never formally announced. But Iliad, a French mobile operator, has since offered to buy a 56.6 percent stake in T-Mobile for about $33 a share, or $15 billion.
Deutsche rejected the Illiad bid August 13, but unconfirmed reports subsequently surfaced that Illiad is now trying to drum up additional financing for a deal with Google and Microsoft.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.