Ina Fried

Recent Posts by Ina Fried

T-Mobile Shares Drop After Company Details Plan for Follow-On Offering

NYSE Floor

T-Mobile said Monday that it plans to sell 66 million shares in an effort to bulk up its corporate war chest to potentially acquire spectrum or make other capital improvements.

Underwriters will also have an option to purchase up to an additional 6.6 million shares.

Shares, which had closed lower during regular trading, dropped a further 87 cents, or 3.2 percent, following T-Mobile’s announcement.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald