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.
T-Mobile reportedly readying revised bid to save MetroPCS merger
Published Apr 10th, 2013 12:45PM EDT
If you buy through a BGR link, we may earn an affiliate commission, helping support our expert product labs.
This article talks about:
T-Mobile
Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
More
Latest News
