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Tmo MetroPCS Merger-[UPDATE] Shareholders approve merger

Discussion in 'T-Mobile' started by Atma, Mar 12, 2013.

  1. Atma

    Atma Well-Known Member
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    - Tmo News


    UPDATE: Deutsche Telekom has confirmed that MetroPCS's shareholders have approved of the deal. DT CEO Ren
     

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  2. KOLIO

    KOLIO Guest

  3. Atma

    Atma Well-Known Member
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    Dec 26, 2011
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  4. Atma

    Atma Well-Known Member
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    Dec 26, 2011
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    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.
     
  5. SuperAfnan

    SuperAfnan Well-Known Member
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    I wish I was a stakeholder. :p
     
  6. epp

    epp Well-Known Member
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    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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