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Update: Iliad Ends T-Mobile Pursuit

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 Summary

  • Iliad ends pursuit of acquiring a large position in T-Mobile.
  • Investors should dump the stock.
  • The original article anticipated that a positive outcome wasn't likely for a T-Mobile sell as time passed due to the ongoing price wars in the domestic wireless market.
 In a not very surprising move, Iliad (OTC: OTC:OTC:ILIAF) is dropping the intent to acquire a large portion of T-Mobile (NYSE:TMUS). Though it was well established that the French telecom provider was interested in paying a higher price, than the current stock price of T-Mobile at around $27, the company hasn't been able or willing to buy the whole company that is majority owned by Deutsche Telekom (OTCQX:DTEGY).

 Read full article at Seeking Alpha.


 Disclosure: No positions mentioned. Please review the disclaimer page for more details.

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