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Deutsche Telekom AG Denies Report On Considering Higher Bid For Metropcs Communications Inc-DJ

Thursday, 4 Apr 2013 10:48am EDT 

Dow Jones reported that Deutsche Telekom AG on Thursday denied a report that said it's considering a higher bid for Metropcs Communications Inc, which it aims to merge with its U.S. wireless business T-Mobile USA. Deutsche Telekom spokesman Philipp Kornstadt denied a Reuters report on Thursday that the Company is considering sweetening the terms but that a final decision had not yet been made. MetroPCS shareholders are set to vote on the transaction April 12. Proxy advisory firms, including Glass Lewis & Co. and Institutional Shareholder Services Inc., have recommended MetroPCS shareholders reject the deal, as they consider the terms unfavorable for shareholders. 

Company Quote

-0.145 -1.08%
19 Dec 2014