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Sprint: T-Mobile Merger Still At Risk

The Justice Department agreed to a settlement with T-Mobile and Sprint, removing another hurdle from closing the merger.
Thirteen state attorneys general are still suing to block the merger.
Dish remains in no position to effectively launch at viable 5G network.
The risk/reward equation on Sprint heavily tilts towards high downside risk.
As Sprint (S) surged to $8 based on a DOJ approval clearance of the combination with T-Mobile (TMUS), a large risk still exists the merger will fail to obtain all the necessary regulatory approvals. The stock is not correctly priced for the binary outcome with large downside risk highlighted in previous research from a failure to close the merger while the upside gains are now limited.
Read the full article on Seeking Alpha. 
Update - August 2 
1st Republican state joins the lawsuit to block the merger. The deal is still not guaranteed to obtain approval placing Sprint at substantial risk for downside. 
-Texas has joined more than a dozen states that are suing to stop T-Mobile's $26.5 billion takeover of rival cellphone company Sprint, arguing that the deal is bad for consumers because it would reduce competition.

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