Tag Archives: Deutsche Telekom

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]

Dish Network Approached Deutsche Telekom About Possible Merger With T-Mobile USA

Round and round the merger talk goes, where she’ll stop nobody knows as a new report out of Bloomberg said Dish Networks approached Deutsche Telekom about possible T-Mobile USA merger. According to the report, Dish made their proposal sometime before April 10th and before Deutsche Telekom sweetened its offer for MetroPCS. According to “people familiar with … [read full article]

Largest MetroPCS Investor Reverses Tune, Comes Out In Support Of T-Mobile Merger

Paulson & Co., MetroPCS’ largest shareholder and the loudest voice of opposition against the T-Mobile deal has changed their tune after the revised terms issued by Deutsche Telekom late yesterday afternoon. “While Paulson needs to review the revised proxy statement before making a final decision, Paulson intends to vote for the merger as restructured,” … [read full article]

(Updated: MetroPCS Reschedules Vote To April 24th) Deutsche Telekom Submits “Best And Final” Offer To MetroPCS Shareholders

Update: A new MetroPCS press release just hit the wires announcing the company has decided to push back the date of the shareholder vote to April 24th.  The decision to postpone the Special Meeting was mutually agreed upon by Deutsche Telekom and MetroPCS to allow MetroPCS stockholders additional time to, subject to approval by the MetroPCS board of directors, consider a proposal from Deutsche Telekom to revise the business combination agreement, … [read full article]

WSJ: Deutsche Telekom Could Announce Improved T-Mobile Offer As Early As Today

On the heels of this mornings report that Deutsche Telekom was watching the real-time voting results from MetroPCS shareholders comes a new report via the Wall Street Journal. The Journal is reporting that “people familiar with the after” have told the publication Deutsche Telekom is reviewing a sweeter bid for MetroPCS. The improved terms of a new deal could be … [read full article]

Deutsche Telekom Monitoring Real-Time MetroPCS Voting While Deciding Whether To Increase Bid

The MetroPCS merger vote is less than 48 hours away, but that doesn’t mean Deutsche Telekom isn’t monitoring real-time proxy documents as they come in ahead of the scheduled vote. MetroPCS shareholders unable to attend the meeting are sending in their proxy documents ahead of the April 12th deadline providing the T-Mobile USA parent company a chance to count the ballots as they come in. Given the opportunity to monitor real-time votes, … [read full article]

Deutsche Telekom Calls A “Take Back” On Statement Regarding Sweetening MetroPCS Offer

Here we go again as a brand new day yields yet another turn of events in the ongoing saga that is becoming the T-Mobile/MetroPCS merger. With a statement denying reports  that Deutsche Telekom was considering “sweetening” the deal to make sure the deals completes, comes a whole new statement.  It appears that Deutsche Telekom has finally settled on a statement and that statement is: “No comment.” Well, there’s really a little more … [read full article]

Deutsche Telekom Denies Reports They Will “Sweeten” MetroPCS Merger Terms

In response to a Reuters report this morning (that I was in the middle of typing up as this new report came out) Deutsche Telekom denies that they will sweeten the deal with MetroPCS. “We are not considering changing the terms of the proposed merger,” DT spokesman Philipp Kornstaedt told FierceWireless. The Reuters report had cited two unnamed sources that DT is considering sweetening the deal to help get approval from Metro shareholders. … [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]

T-Mobile, MetroPCS Deal Hit With Another Advisory Firm Urging Shareholders To Reject Merger

T-Mobile’s proposed merger with MetroPCS was handed another blow this morning as the last major proxy advisory firm recommended against the deal. In its findings, Glass Lewis & Co found the proposed deal lacked in several significant ways, including how MetroPCS agreed to the deal and the compensation shareholders would receive. Glass Lewis joins Institutional Shareholder Services in advising shareholders to vote against the proposed deal. Both advisory groups have … [read full article]