Tmo MetroPCS Merger-[UPDATE] Shareholders approve merger

[Atma]

Hot on the heels of reports that the FCC would approve the T-Mobile merger at the bureau level and not a full vote — comes exactly that result. The flash just hit Bloomberg News, leaving any remaining obstacles to the merger to come from the MetroPCS shareholder meeting in April.

- Tmo News


UPDATE: Deutsche Telekom has confirmed that MetroPCS's shareholders have approved of the deal. DT CEO Ren

 

[KOLIO]

Just wanted to add this link to the discussion,which looks like another hurdle has been cleared to make the merger a go:

http://www.tmonews.com/2013/04/metr...isory-firms-now-support-merger-with-t-mobile/

 

[Atma]

The shareholders have approved the merger.
Shareholders approve MetroPCS and T-Mobile merger



Welcome to T-Metro!

 

[thebryceee]

Another

http://www.phonedog.com/2013/04/24/metropcs-shareholders-said-to-have-approved-t-mobile-merger/

 

[Atma]

MetroPCS's stockholders will receive a cash payment of $1.5 billion along with a 26 percent stake in the new company.

Somebody just made a lot of money.

 

[SuperAfnan]

MetroPCS's stockholders will receive a cash payment of $1.5 billion along with a 26 percent stake in the new company.

Somebody just made a lot of money.

I wish I was a stakeholder.

 

[epp]

metroPCS shareholders will receive $4.06/share cash, the stock will reverse split 1-for-2 and will then trade as T-Mobile US, Inc. The New York Stock Exchange ticker symbol for the T-Mobile US shares, will be TMUS. Deutsche Telekom will own 74% of the shares and the lockup period (they agree not to sell any shares) is 18 months. metroPCS shareholders will own the remaining 26%.

The interesting vote to occur was proposal 11 on change-in-control payments to the metroPCS executives. Although it also passed, the votes against were in the hundred-millions, versus the vote counts for the other 10 proposals.

MetroPCS - Investor Relations - Press Release