Tag Archives: iss

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]

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]