MetroPCS

T-Mobile, MetroPCS merger receives unanimous board of directors approval

The merger still needs the official nod from the stockholders, however the MetroPCS board of directors has given their approval. The details come by way of a recently issued MetroPCS press release which states that the "board unanimously recommends that MetroPCS stockholders vote their shares "FOR" all proposals relating to the proposed combination with T-Mobile." Basically, the MetroPCS and T-Mobile merger continues to move forward.

Deutsche Telekom “Best and Final” MetroPCS merger bid detailed

We knew Deutsche Telekom was planning to submit a new bid dealing with the MetroPCS and T-Mobile merger and it looks like that has not only been done, but also detailed. This will not change the earlier bit about the MetroPCS shareholder meeting having been pushed back to later in April, however we now know what this new bid includes. Coming by way of Deutsche Telekom, here are the details of what they are describing as the "best and final offer."

Deutsche Telekom considering improved bid to save MetroPCS merger

For the most part, things seem to be lining up rather nicely for the proposed merger of T-Mobile and MetroPCS. We have already seen all the necessary regulatory approvals which means that the Department of Justice, FCC and the Committee on Foreign Investment have all given the thumbs up. In fact, aside from a statement from Institutional Shareholder Services (ISS), we have seen very little in terms of opposition.

T-Mobile cuts several hundred Bellevue HQ employees

It still looks like the T-Mobile and MetroPCS merger is on track for approval from all necessary parties, however it seems as if one of the nastier side effects has also happened. The layoffs. While this is not necessarily the best of news, it is coming as expected. T-Mobile actually confirmed earlier in the month that the layoffs would be happening. So far these layoffs have been from the Bellevue headquarters.

ISS suggests MetroPCS shareholders vote against T-Mobile merger

Things seemed to be going rather well in terms of the T-Mobile and MetroPCS merger. This all began as rumor back in October of last year and as of today we have seen approval after approval. In fact, the merger has been granted approval from the Department of Justice, the FCC and the Committee on Foreign Investment. Basically, that means they have received all the necessary regulatory approvals.
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