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MetroPCS (PCS -2.2%) has sold off following news Clearwire's board has approved the full sale of...

MetroPCS (PCS -2.2%) has sold off following news Clearwire's board has approved the full sale of the company to Sprint. Shares had already slumped this month on a Reuters report Sprint is unlikely to make a bid for the carrier before the SoftBank deal closes, something that could preclude an offer from happening before MetroPCS' planned merger with T-Mobile USA goes through.
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