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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (18359)	12/10/2004 6:02:39 PM
From: mishedlo	Respond to of 116555

How many jobs will this deal kill? 3:58pm 12/10/04 Sprint, Nextel set for $35B merger - reports By August Cole SAN FRANCISCO (CBS.MW) -- Sprint Corp. (FON: news, chart, profile)(PCS: news, chart, profile) and Nextel Communications (NXTL: news, chart, profile) have reportedly reached a $35 billion deal that would be a merger of two telecom giants. The Wall Street Journal reported Friday afternoon that the two companies have reached a "tentative agreement" for a merger of equals. Earlier, financial news channel CNBC reported that Sprint would exchange 1.3 of its shares for each share of Nextel. The deal, which includes cash, would be worth $35 billion, CNBC said. Sprint's chief executive would be the CEO of the combined company while Nextel's CEO would become the chairman, CNBC reported. 3:47pm 12/10/04 Sprint, Nextel reach tentative merger terms - WSJ By August Cole SAN FRANCISCO (CBS.MW) -- Sprint Corp. (FON: news, chart, profile)(PCS: news, chart, profile) and Nextel Communications (NXTL: news, chart, profile) have reportedly "tentatively agreed" to the terms of what would be a merger of equals between the telecom giants, the Wall Street Journal reported on Friday. Earlier, financial news channel CNBC had said that Sprint would exchange 1.3 of its shares for each share of Nextel. Sprint's chief executive would be the CEO of the combined company while Nextel's CEO would become the chairman, CNBC reported.