Articles > Market Commentary > Sprint Withdraws Bid to Acquire T-Mobile; Walgreens to Keep HQ in the U.S.
Sprint Withdraws Bid to Acquire T-Mobile; Walgreens to Keep HQ in the U.S.
Stocks ended the day higher, seemingly shaking of the recent global turmoil. Sprint (S) announced today that they are withdrawing their bid to acquire T-Mobile (TMUS). This announcement comes on the same day that the wireless company named their new CEO, Marcelo Claure. Walgreens (WAG) has decided to keep its headquarters in the United States. The company recently acquired all of Alliance Boots, which is located in Europe, and many investors thought that they would relocate their headquarters to Europe to lower taxes.
Wall Street overall disliked this decision, pulling Walgreen's shares down 11%.
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Sprint Withdraws Bid to Acquire T-Mobile; Walgreens to Keep HQ in the U.S.. InvestorGuide.com. WebFinance, Inc. http://www.investorguide.com/article/15170/sprint-withdraws-bid-to-acquire-t-mobile-walgreens-to-keep-hq-in-the-u-s-igd/ (access:April 18, 2019).