Hart-Scott-Rodino waiting period on T-Mobile-MetroPCS deal has expired
$4.09 a share in cash plus 26% of the remaining company. The remaining 74% of the new company will be owned by T-Mobile parent Deutsche Telekom. With the conclusion of the 30 day Hart-Scott-Rodino Act waiting period, all that is required to close the deal is the approval of MetroPCS shareholders. The vote was originally scheduled to take place on March 28th, but an administrative error has forced MetroPCS to push back the date of the vote to April 12th. Shareholders of record on the close of business on March 11th will be able to vote on the deal, which has been contested by a pair of hedge funds that together own 11% of MetroPCS stock. The pre-paid carrier is recommending that its holders approve the deal.
If the shareholders approve the deal, which is likely, the final steps will include final regulatory approval and customary closing conditions.
1. bluescreen (Posts: 154; Member since: 22 Nov 2012)
a small crap company taking over a bigger pile of crap to form a mountain of crap....gotta love it
4. Doakie (Posts: 1251; Member since: 06 May 2009)
Eh. Our company has had T-Mobile for 10 years. It's not great because their coverage map is way smaller than Verizon's; but I get anywhere from 15-32 Mbps on my HSPA+ GS3, and our company pays half of what we would on Verizon. I know because I've checked. Plus we get unlimited data, currently I use about 25 GBs each month myself. T-Mobile can't be beat for bang for the buck.
2. MartianMe (unregistered)
Haha ...Hey something good could come out of this ...let's just stay positive.
3. roscuthiii (Posts: 1797; Member since: 18 Jul 2010)
As long as Carly gets to keep working...