Deutsche Telekom shares rise as Elliott builds stake, opposes T-Mobile deal
Deutsche Telekom shares rose 1.9% in early Thursday trading. Reports said activist Elliott Investment Management built a stake and is urging the company to drop a potential merger with unit T-Mobile US.
Deutsche Telekom XETR:DTE shares rose 1.9% in early Thursday trading as investors welcomed reports that activist investor Elliott Investment Management had built a stake and was urging the company to drop a potential merger with unit T-Mobile US NASDAQ:TMUS.Elliott, an activist investor known for h…