Over the summer, numerous state attorneys general joined forces to file a lawsuit seeking to block T-Mobile's (NASDAQ: TMUS) proposed megamerger with smaller rival Sprint (NYSE: S), a $26 billion deal that would reshape the U.S. wireless industry, a favorite among dividend investors. Additional states promptly piled on, with more joining the effort opposing the deal in the months since. The states argue that the merger would hurt competition and eventually lead to higher prices for consumers.
Illinois has now jumped on the bandwagon, too.
Sprint Executive Chairman Marcelo Claure and T-Mobile CEO John Legere. Image source: T-Mobile.