Tag Archives: advisory firms

MetroPCS Announces Two Advisory Firms Now Support Merger With T-Mobile

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The revamped MetroPCS deal with T-Mobile has gained another round of support as the two proxy advisory firms originally opposed to the transaction, now endorse the deal. Institutional Shareholder Services Inc. and Glass, Lewis & Co have reversed their earlier positions recommending against the merger according to a statement provided by MetroPCS yesterday. “We are pleased that both ISS and Glass Lewis recognize the enhanced stockholder value and compelling benefits created by the … [read full article]

MetroPCS Board Announces Unanimous Support For New Deutsche Telekom Deal Terms

In a completely unsurprising move, the MetroPCS board of directors has announced that they unanimously support Deutsche Telekom’s new merger offer. Deutsche Telekom improved their offer just two days before MetroPCS shareholders were set to vote on the original terms this past Friday. DT amended their offer in fear that two of Metro’s largest shareholders had convinced a large enough block of voters to strike down the deal. The two loudest … [read full article]

As Opponents Score Wins, Analyst Says T-Mobile/MetroPCS Deal Won’t Complete Under Current Conditions

Opposition to T-Mobile’s proposed merger with MetroPCS gained traction last week as two separate shareholder advisory firms came out against the deal. Now, P. Schoenfeld Asset Management, one of the loudest opponents of the deal is using the swing momentum by scheduling a webcast for April 4th to explain its position. Two of the most highly respected corporate governance advisory firms have now come out against the merger,” P. Schoenfeld Asset Management said … [read full article]