MetroPCS merger said to be in trouble unless T-Mobile ‘sweetens’ deal

MetroPCS T-Mobile Merger

T-Mobile CEO John Legere has shown he can trash-talk, but he may soon have to show that he can sweet-talk as well. Per Bloomberg, New Street Research analyst Jonathan Chaplin says that T-Mobile and MetroPCS (PCS) right now “don’t have enough votes” among MetroPCS shareholders to get their proposed merger approved. The merger’s prospects are apparently so bad right now that Chaplin says T-Mobile parent company Deutsche Telekom “would be crazy to let it go to a vote” and that it will have to “sweeten” its offer if it hopes to win shareholder approval. MetroPCS shareholders are scheduled to vote on the proposed merger at a special meeting on April 12th.

Source:
Bloomberg
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