Jefferies: AT&T decision doesn’t make Sprint/T-Mobile road any easier
Dash and T-Mobile are among the wide number of stocks moving nightfall because of AT&T’s smackdown of the Justice Dept., on trusts that they’ll profit by a tide favoring interchanges/media mergers.
One moment, Jefferies says of a legal conclusion that appeared to be more centered around the shortcoming of the DOJ’s case than on the philosophical/antitrust benefits of the blend general.
The proposed Sprint/T-Mobile merger presents “essentially higher” antitrust concerns, examiner Scott Goldman expresses: “We don’t foresee the DOJ to be influenced by its misfortune in the AT&T suit.” But T-Mobile is as yet a best pick, alluringly esteemed with or without the arrangement, he says.
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