MetroPCS Announces Regulatory Period Expires For Government Agencies To Delay Merger
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 Department of Justice and waited for those agencies to rule whether any proposed deal would have adverse affects on US commerce.
Assuming the MetroPCS shareholder meeting on April 12th votes in favor of a merger, which they are likely to do so even as opposition amounts, the deal will go through final regulatory approval and complete.
Won’t be long now.