Atma

- Tmo News


UPDATE: Deutsche Telekom has confirmed that MetroPCS's shareholders have approved of the deal. DT CEO René Obermann described the news as "a major step" for his company," going on to say that the MetroPCS merger is very important to his company because it allows T-Mobile to be "more aggressive" in the U.S.

Now that the T-Mobile-MetroPCS merger has gained the approval of MetroPCS's shareholders, the deal has all of the approval necessary to reach completion. Deutsche Telekom expects that the merger will close on May 1. As part of the deal, MetroPCS's stockholders will receive a cash payment of $1.5 billion along with a 26 percent stake in the new company. The combined entity will go by the legal name of "T-Mobile US." Deutsche Telekom's full announcement can be found right here. - Phonedog - (thanks thebryceee)

Last edited by Atma; April 24th, 2013 at 11:06 AM.

KOLIO

Just wanted to add this link to the discussion,which looks like another hurdle has been cleared to make the merger a go:

http://www.tmonews.com/2013/04/metropcs-announces-two-advisory-firms-now-support-merger-with-t-mobile/

Atma

The shareholders have approved the merger.
Shareholders approve MetroPCS and T-Mobile merger



Welcome to T-Metro!

thebryceee

Another

http://www.phonedog.com/2013/04/24/metropcs-shareholders-said-to-have-approved-t-mobile-merger/

Atma

MetroPCS's stockholders will receive a cash payment of $1.5 billion along with a 26 percent stake in the new company.

Somebody just made a lot of money.

SuperAfnan

I wish I was a stakeholder.

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epp

metroPCS shareholders will receive $4.06/share cash, the stock will reverse split 1-for-2 and will then trade as T-Mobile US, Inc. The New York Stock Exchange ticker symbol for the T-Mobile US shares, will be TMUS. Deutsche Telekom will own 74% of the shares and the lockup period (they agree not to sell any shares) is 18 months. metroPCS shareholders will own the remaining 26%.

The interesting vote to occur was proposal 11 on change-in-control payments to the metroPCS executives. Although it also passed, the votes against were in the hundred-millions, versus the vote counts for the other 10 proposals.

MetroPCS - Investor Relations - Press Release

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