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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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”