Better terms to hopefully lessen MetroPCS shareholder disapproval of the deal
Sources of The Wall Street Journal familiar with the strategies of T-Mobile USA's parent company Deutsche Telekom say the German company is considering sweetening the deal for the MetroPCS reverse takeover. Amidst the growing sentiment among MetroPCS shareholders that they're getting the bad end of the deal, T-Mobile is reportedly planning on reducing the amount of debt transferred to the new company as part of the deal. The current terms, which see MetroPCS shareholders receiving $4 per share and a 26-percent stake in the newly combined company, are apparently not appealing enough considering the assumption of nearly $20 billion in debt as part of the transaction.
Although there is a vocal minority of shareholders disapproving of the current terms, they're still the minority. With T-Mobile previously stating that it feels the current terms are fair, does it really have any motivation to improve them this late in the game? MetroPCS shareholders are currently sending in their votes to approve or disapprove of the deal ahead of a shareholder meeting Friday. Pending that shareholder approval, all indications point to the deal going through at some time in 2013.
Source: WSJ
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Source: http://feedproxy.google.com/~r/androidcentral/~3/-L_PlG7uuHA/story01.htm
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