Wednesday, May 23, 2007

Sprint rises as Alltel deal spurs acquisition hopes

(Reuters) - Sprint shares have risen 6 percent since Alltel announced its deal late Sunday.




Such investor expectation will continue to boost the stock, analysts said. But several industry experts said they doubted private equity buyers would have the appetite for Sprint, the No. 3 U.S wireless provider, whose market value is close to $62 billion.


Read more at Reuters.com Hot Stocks News

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