Merger and Acquisition Recap: Harry Winston Diamond Denies Rumors, SoftBank Might Go For PCS
Harry Winston Diamond Corporation (NYSE:HWD) shares are steady after giving back most of Wednesday’s gains, while Chief Executive Frederic de Narp refutes rumors that his company is wants to divest its watch and jewelry division.
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SoftBank Corp. (SFTBF.PK) Chief Executive Masayoshi Son will not rule out an offer for MetroPCS Communications (NYSE:PCS), which is set to merge with T-Mobile USA. The former’s deal to purchase 70 percent of Sprint Nextel Corporation (NYSE:S) includes an $8 billion cash infusion that could permit Sprint enter a bid on SoftBank’s behalf.