TMUS closes about 3% higher after Elliott urges Deutsche Telekom to drop merger talk
T-Mobile US shares closed about 3% higher on Wednesday after a report said Elliott built a sizeable stake in Deutsche Telekom and wants it to drop a potential U.S. wireless combination.
Shares of T-Mobile US closed about 3% higher on Wednesday after a report that activist investor Elliott Investment Management has built a sizeable stake in parent Deutsche Telekom and wants the company to drop a potential combination with its U.S. wireless unit.Bloomberg, citing unnamed people fami…