(Bloomberg) -- Sprint Nextel Corp. shares advanced in
extended U.S. trading following a report that South Korea's SK
Telecom Co. plans to buy the third-biggest U.S. mobile-phone
company. SK Telecom denied the report.
Shares of Reston, Virginia-based Sprint added 91 cents, or
4.2 percent, to $22.39 as of 7:20 p.m. in New York. They surged
as much as 16 percent in after-hours trading. Sprint's market
value was $63 billion as of the 4 p.m. market close. SK Telecom's
value is $17.8 billion.
Read more at Bloomberg Stocks News
extended U.S. trading following a report that South Korea's SK
Telecom Co. plans to buy the third-biggest U.S. mobile-phone
company. SK Telecom denied the report.
Shares of Reston, Virginia-based Sprint added 91 cents, or
4.2 percent, to $22.39 as of 7:20 p.m. in New York. They surged
as much as 16 percent in after-hours trading. Sprint's market
value was $63 billion as of the 4 p.m. market close. SK Telecom's
value is $17.8 billion.
Read more at Bloomberg Stocks News
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