A little more colour on the potential......>

EQUITIES: A little more colour on the potential M&A flow outlined yesterday, per

the FT: "Japan's SoftBank is considering a sale of up to $20bn in shares of

T-Mobile, only weeks after the US telecommunications group finalised a

long-awaited merger with Sprint. The move comes as the technology group attempts

to shore up confidence in its own performance after committing to raising $41bn

for buying back shares and paying down its large debt burden. Banks including

Goldman Sachs and Morgan Stanley are advising SoftBank on the sale, which could

still fail to materialise if it was unable to sell at attractive prices, people

briefed on the discussions said. Deutsche Telekom, the parent company of

T-Mobile, would seek to increase its 44 per cent holding in the company above a

majority position through the sales, the people said. SoftBank, Goldman and

Morgan Stanley declined to comment."