Deals
Sprint Is Said to Weigh MetroPCS Offer to Top T-Mobile’s Bid
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Sprint Nextel Corp. is in the early stages of evaluating a bid for MetroPCS Communications Inc. that would counter an offer from Deutsche Telekom AG, three people familiar with the situation said.
MetroPCS’s stock rose 3.7 percent to close at $12.69 after Bloomberg News reported on the discussions, rebounding from a decline of as much as 10 percent. Shares of Sprint, the third-largest U.S. wireless carrier, fell 2.1 percent to $5.09.