MetroPCS shareholders to vote on T-Mobile merger March 28th
0. phoneArena posted on 26 Feb 2013, 06:21
MetroPCS shareholders will be voting March 28th on whether to allow MetroPCs to acquire T-Mobile in the reverse merger; since MetreoPCS is public, the deal is being designed for the smaller MetroPCS to purchase T-Mobile with 74% of the resulting company to be owned by Deutsche Telekom, T-Mobile's parent; a pair of hedge funds representing 11% of the company is voting against the deal, seeking more money...
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1. TheMan posted on 26 Feb 2013, 08:00 0 0
I don't know what, if any, return on investment these funds will see, but considering MetroPCS downward spiral -- shares are half the value they were 18 months ago -- I'm a little surprised.
Just read that the call volume is quadruple normal levels just ahead today's earnings report. Seems like investors are still bullish, so I can see where this is coming from, i.e., some investors believe they can get more value