Sprint Shares Advance After Buyout Report, Alcoa Slides: U.S. After-Hours

(Bloomberg) -- Sprint Nextel Corp. shares advanced in
extended U.S. trading following a report that South Korea's SK
Telecom Co. plans to buy the third-biggest U.S. mobile-phone
company. SK Telecom denied the report.

Shares of Reston, Virginia-based Sprint added $1.52, or 7.1
percent, to $23 as of 6:58 p.m. in New York. They surged as much
as 16 percent. Sprint's market value was $63 billion as of the 4
p.m. market close.


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