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Updated from 10:21 a.m. EDT
Shares of Sprint Nextel (S Quote) surged Monday on separate reports it was contemplating the spinoff or sale of its Nextel unit and that Deutsche Telekom (DT Quote) was considering a bid for the wireless carrier.
The Wall Street Journal reported early Monday that a bid for Sprint from Deutsche Telekom was at a preliminary stage and management could walk away before making an offer, according to people close to the situation. Analysts tell TheStreet.com that Deutsche Telekom could bid up to $12 a share for Sprint.
Representatives for Sprint and Deutsche Telekom's T-Mobile unit both said it was company policy not to comment on rumors or speculation. ...
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