Deals Report: T-Mobile Under Pressure, Crane's Hostile Bid for Circor

The video discusses Sprint and T-Mobile's attempts to gain DOJ approval for their merger, highlighting the regulatory challenges and the roles of the DOJ and FCC. It also covers Crane's hostile bid for Circle, including shareholder reactions and strategic maneuvers.

What is the main challenge Sprint and T-Mobile face in their merger efforts?

• Overcoming internal company disagreements

• Convincing the Department of Justice (DOJ) of the merger's benefits

• Securing funding for the merger

• Gaining approval from the Federal Communications Commission (FCC)

How does the DOJ's previous experience with AT&T and Time Warner potentially affect its decision on the Sprint and T-Mobile merger?

• It makes the DOJ more likely to approve the merger

• It has no impact on the DOJ's decision

• It may make the DOJ more cautious in approving the merger

• It forces the DOJ to follow FCC's lead

What unusual procedural step occurred in the Sprint and T-Mobile merger process?

• The merger was approved without any ruling

• Both the FCC and DOJ ruled simultaneously

• The DOJ ruled before the FCC

• The FCC ruled before the DOJ

What was Crane's approach in its bid for Circle?

• A joint venture offer

• A hostile takeover bid

• A friendly merger proposal

• A strategic partnership proposal

What is Mario Gabelli's strategy to influence Circle's decision on Crane's bid?

• Increasing his stake in Crane

• Lobbying for regulatory intervention

• Proposing a counter-offer

• Removing the staggered board mechanism