Tag Archives: Deutsche Telekom

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]

Advisory Firm Tells MetroPCS Shareholders Not To Vote For T-Mobile Deal

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Things are looking a little bleaker for the MetroPCS/T-Mobile merger as Institutional Shareholder Services Inc has come out in opposition of the merger. ISS, an investor-advisory firm helping companies manage large investments released a report suggesting MetroPCS shareholders can get a better deal from another company. “The ultimate question for PCS holders, therefore, is whether this offer is sufficient compensation for putting control of their investment in the hands of another strategic, … [read full article]

T-Mobile CEO: “Greedy Hedge Funds” Won’t Stop MetroPCS Merger

T-Mobile’s CEO honest approach to the industry knows no bounds as he goes after the set of hedge funds hoping to block the MetroPCS/T-Mobile merger. When asked yesterday about the prospects of the deal closing in light of vocal opposition by Paulson & Co, along with P. Schoenfeld Asset Management: “It will be approved,” he said, “despite the greedy hedge funds that are trying to take a double-dip out of that process.” … [read full article]

MetroPCS Reminds Shareholders T-Mobile Is The Only Possible Buyer With New Letter

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MetroPCS reiterated its plea to shareholders this morning in a new letter sent through the mail to approve the merger with T-Mobile as no other rival bids have arrived. “No other bidders have emerged in the five months since the proposed combination was announced,” the company said today in a statement. “The proposed combination is the best alternative for MetroPCS to maximize stockholder value.” MetroPCS shareholders are scheduled to vote on … [read full article]

T-Mobile, MetroPCS Combination Receives Final Regulatory Approval

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The T-Mobile, MetroPCS merger combination reverse-takeover has cleared its finally regulatory hurdle and now lands in the hands of MetroPCS shareholders. The last piece of regulatory blessing came from the Committee on Foreign Investment in the United States indicating there are no unresolved security concerns. On March 20, 2013, the Committee on Foreign Investment in the United States advised Deutsche Telekom and MetroPCS that it has determined that there are no unresolved … [read full article]

T-Mobile, MetroPCS Announce Future Board Of Directors For Combined Company

With a short press release last night, T-Mobile USA, Deutsche Telekom and MetroPCS announced the future Board of Directors for the combined company. Deutsche Telekom AG (XETRA: DTE; “Deutsche Telekom”), T-Mobile USA, Inc. (“T-Mobile”) and MetroPCS Communications, Inc. (NYSE: PCS; “MetroPCS”) today announced the members of the board of directors of the combined company upon completion of the proposed combination of MetroPCS and T-Mobile. This impressive and diverse group of individuals has … [read full article]

T-Mobile Issues Press Release Regarding FCC Approval Of MetroPCS Combination

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With FCC approval now behind them, T-Mobile’s issued a new statement providing a current update on the proposed combination with MetroPCS.  As the statement highlights, all that remains is a special meeting for MetroPCS shareholders to vote on the proposed combination. The upcoming vote on April 12th remains the last obstacle toward creating a “value leader in the United … [read full article]

MetroPCS Announces Regulatory Period Expires For Government Agencies To Delay Merger

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A late Tuesday evening press release from MetroPCS announced the waiting period for the Hart-Scott-Rodino act had expired. The waiting period offers regulatory agencies the opportunity to delay the merger between MetroPCS and T-Mobile by having the companies continue to answer questions surrounding the proposed combination. The HSR Antitrust Improvement Act of 1976 provides that parties will not complete mergers until after they have submitted detailed filings with the Federal Trade Commission and … [read full article]