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MetroPCS shareholders file lawsuit to block the deal with T-Mobile

0. phoneArena posted on 15 Oct 2012, 18:54

A lawsuit filed by MetroPCS shareholders accuses T-Mobile of undervaluing the company and seeks to block the merger between the two carriers; the current deal allows Deutsche Telekom to grab a majority interest in the pre-paid carrier for just $1.5 billion...

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posted on 15 Oct 2012, 19:47

1. loli5 (Posts: 76; Member since: 08 Oct 2012)

Hm. Indeed.

posted on 15 Oct 2012, 21:06

2. mihaidenis (Posts: 22; Member since: 09 Sep 2012)

The global crysis had lead the sharks
to became more and more agressive.
Finally they'll eat each other leading
to a small competition.
And to dissapointment of the
This happens in all areas not
only in telecom.

posted on 15 Oct 2012, 22:35 3

3. snowgator (Posts: 3604; Member since: 19 Jan 2011)

Ummm.... What?

posted on 15 Oct 2012, 22:40

4. snowgator (Posts: 3604; Member since: 19 Jan 2011)

This is totally within their rights and is understandable.

May not make a huge difference, but it's in their right. If no other roadblocks show up, this alone will not stop it. Metro does not have enough cash In investors to really challenge this.

posted on 15 Oct 2012, 23:56

5. Mr.Mr.Upgrade (Posts: 474; Member since: 30 Aug 2011)

Two companies that need each other...

posted on 16 Oct 2012, 00:29

7. andynaija (Posts: 968; Member since: 08 Sep 2012)

I'm sure Metro has been doing fine on their own...

posted on 16 Oct 2012, 00:01

6. cncrim (Posts: 900; Member since: 15 Aug 2011)

the investors have to right to sue and challeged the merge and I might see asking for like 10 to 20 percent more but they are also getting greedy, thinking that their share is worth triple. As far i see, if no big road block ahead like FCC I don't thinkg shareholder can do anything.

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