T-Mobile US rises after report Elliott urges Deutsche Telekom to drop merger
T-Mobile US shares rose about 3% Wednesday afternoon as investors digested a report that activist investor Elliott Investment Management is pushing Deutsche Telekom to abandon a potential merger with T-Mobile US.
By Evie LiuT-Mobile US stock rose about 3% Wednesday afternoon, as investors digested a report that activist investor Elliott Investment Management is pushing Deutsche Telekom to abandon a potential merger with T-Mobile US.Elliott has built a sizable stake in Deutsche Telekom and wants the German t…