T-Mobile can breathe a sigh of relief: After an initial show of reluctance by MetroPCS Communication investors, 80 percent approved its sale to T-Mobile at a special shareholder meeting held on Wednesday. T-Mobile reportedly sweetened its bid for the company to bring on board those shareholders who felt the original offer undervalued MetroPCS. Under the deal, MetroPCS shareholders will receive a 26 percent stake in the combined company with T-Mobile’s parent, Deutsche Telekom, owning the rest. MetroPCS shareholders will receive $4.06 per share in cash as well.
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MetroPCS Shareholders Bless T-Mobile Union
Posted by: Erika Morphy April 25, 2013 12:22 PMT-Mobile can breathe a sigh of relief: After an initial show of reluctance by MetroPCS Communication investors, 80 percent approved its sale to T-Mobile at a special shareholder meeting held on Wednesday. T-Mobile reportedly sweetened its bid for the company to bring on board those shareholders who felt the original offer undervalued MetroPCS. Under the deal, MetroPCS shareholders will receive a 26 percent stake in the combined company with T-Mobile’s parent, Deutsche Telekom, owning the rest. MetroPCS shareholders will receive $4.06 per share in cash as well.