T-Mobile reportedly readying revised bid to save MetroPCS merger

T-Mobile MetroPCS Merger

T-Mobile USA parent company Deutsche Telekom is reportedly preparing an improved bid for MetroPCS in order to help ensure that the merger proposed earlier this year is approved by shareholders, The Wall Street Journal reports. MetroPCS shareholders were recently advised to vote against the original offer by Institutional Shareholder Services, and DT’s improved bid would be a response to that and other opposition. The initial deal offered approximately $4 per share and a 26% stake in the merged company, and the revised offer could reportedly be announced as soon as Wednesday.

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