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Sprint/Nextel merger in the works?

Corpo Rat

Dec 9, 2004, 3:36 PM
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Sprint, Nextel shares up on merger rumors
Wall Street Journal reports growing speculation of a deal

Reuters
Updated: 3:19 p.m. ET Dec. 9, 2004


WASHINGTON - Shares of Sprint Corp. and Nextel Communications Inc. rose Thursday after The Wall Street Journal reported rising Wall Street speculation that the two companies could merge.

While such a combination would offer some benefits, especially for Nextel, it would face several tough hurdles involving management and control between equally matched partners, analysts said.

β€œSuch a deal would be much more strategically beneficial to Nextel than Sprint,” said Goldman Sachs analyst Jason Armstrong in a research note. β€œAnd, therefore, put Sprint in a b...
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