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More on the MetroPCS/T-Mobile USA merger: MetroPCS shareholders will get $1.5B in cash and a 26%...

More 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%.
Comments (7)
  • I own some shares of PCS, I don't know what should I do with them. Any advices?
    3 Oct 2012, 09:33 AM Reply Like
  • Best chance to cash out on pcs.
    3 Oct 2012, 10:18 AM Reply Like
  • The decline in LEAP today is a hugh buying opportunity. I speculate that with the additional 1.5B in cash added to the 2.5B it already has in its coffers PCS will be a buyer in the wireless marketplace. LEAP would be the logical target to further enhance the customer totals.
    3 Oct 2012, 10:31 AM Reply Like
  • IMO

     

    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.
    3 Oct 2012, 11:27 AM Reply Like
  • Reuters reported PCS will purchase T Mobile in a "Restructuring," do a reverse split of its shares (370M/2= 185M) and distribute 1.5B to share holders. If I'm reading this correctly that's a cash distribution of about $8 per share.
    3 Oct 2012, 12:06 PM Reply Like
  • sprint will buy LEAP
    3 Oct 2012, 01:21 PM Reply Like
  • What a joke that Merger is T-mobile and Metro pcs is like two Drunks trying to hold each other up!
    The worst part is the 5 Billion Dollars in cash AT&T had to give to T-Mobile! ouch!!! :(
    3 Oct 2012, 01:37 PM Reply Like
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