T-Mobile Shares Drop After Company Details Plan For Follow-on Offering

wochit business
November 11, 2013 AT 1:05 PM
T-Mobile 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. Shares, which had closed lower during regular trading, dropped a further 87 cents, or 3.2 percent, following T-Mobile’s announcement.