The Sprint and T-Mobile merger deal has apparently been approved.
T-Mobile's determination to renegotiate the price doesn't appear to have changed, however, with the passage of time.
Lifeline losses are much smaller than the discount T-Mobile is seeking, but they're also only the excuse. T-Mobile is seeking a lower price because it can.
My best guess is they want Sprint's shares reset back to the level of the original merger deal, when T-Mobile was trading lower. That would be around $7.50 or so.
The stock now seems fairly valued to me, and I'll be staying on the sidelines of Sprint stock in its final days as an independent concern.