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More on the MetroPCS/T-Mobile USA merger: MetroPCS shareholders will get $1.5B in cash and a 26%...
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Wednesday, October 3, 2012, 9:10 AM ETMore on the MetroPCS/T-Mobile USA merger: MetroPCS shareholders will get $1.5B in cash and a 26% stake in the combined company (MetroPCS closed with a $4.9B market cap yesterday), and Deutsche Telekom (DTEGY.PK) the remaining 74% stake. The deal is expected to close in 1H13. The WSJ notes the deal's reverse-merger structure could allow DT to gradually sell its stake and exit the U.S. market. PCS -2.1% after yesterday's big gains. LEAP +3.4%. S -1.2%.
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This news story has 7 comments:
S buys 80% of DT'S 75% stake using a combo of coomon stk and preffered stk and warrants on S and S ends up controlling the newly combined co. while DK can exit the U S market.
A win win for all concerned - just watch over the next 12 months.
The worst part is the 5 Billion Dollars in cash AT&T had to give to T-Mobile! ouch!!! :(