Quantcast


Last updated: March 28. 2013 1:39PM - 335 Views
Associated Press



Story Tools:

Font Size:

Social Media:

(AP) Investors are betting that T-Mobile USA will have to sweeten its proposal to merge with smaller cellphone carrier MetroPCS Communications Inc. after an influential shareholder advisory firm came out against the deal.


Shares of Dallas-based MetroPCS, the country's fifth-largest cellphone company, rose Thursday after the report from Institutional Shareholder Services recommended that shareholders vote against the deal when they meet on April 12.


Under the deal, T-Mobile USA's parent company, Deutsche Telekom AG of Germany, will hold a 74 percent stake in the combined company, while MetroPCS shareholders will own the remainder and receive a special dividend of $1.5 billion.


MetroPCS says the deal offers "compelling benefits," and another shareholder advisory firm, Egan Jones, supports it.


Associated Press
Comments
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com