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Tuesday, November 24, 
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Sprint-Nextel LBO resurfaces

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Published March 23, 2007 at 4:57 PM

Back in November, The Deal suggested that wireless provider Sprint-Nextel could be a prime target for buyout firms. At the time, its stock was trading at $17 a share giving it an enterprise value of $75 billion. Fast forward four months, and now analysts at Goldman Sachs are rehashing the idea of a Sprint-Nextel LBO. Shares in the company have rebounded, and trade at about $20 a share leading some to suggest a price tag of $80 billion, according to a BusinessWeek story. —Matthew Wurtzel

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