Why Shares of T-Mobile and Sprint Jumped Tuesday
Shares of mobile communications companies T-Mobile (NASDAQ: TMUS) and Sprint (NYSE: S) jumped on Tuesday. As of 10:40 a.m. EST, T-Mobile stock was up 11% and shares or Sprint were up 72%.
The two stocks' big gains follow news that T-Mobile won approval from a federal judge to merge with Sprint. After the key win in court, the two companies are now moving to finalize their merger.
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Source Fool.com
